Quote:
Originally Posted by blueash
You must be very very young if you think we have recently had "record inflation"
The core inflation rate is available back to 1958 HERE
It has been higher than the 6.2 of 2022 10 times in those years. It has been higher than the 3.6 in 2021 25 times in the prior years. And historically the 2023 rate is not high.
And look at the rates for 2023 by month
2023 5.65.5 5.6 5.5 5.3 4.8 4.7 4.3 4.1 4.0 4.0 3.9
Whatever forces are managing the economy are doing a fine job of creating the soft landing that no one seemed to think was possible. There has never since the Great Depression been a period in the US economy of deflation. Prices do not come down. So whining about how they haven't now suggests you'd only be happy with another Great Depression. Most would not agree with that wish.
Candy bars are no longer a nickel. Gas isn't 19.9 cents. This isn't all since 2021.
I am unable to find the cost of a one horse power golf cart from 1860. |
LOL!
Sure pick apart the small amount of hyperbole I used... Excuse me for not saying "recent history"...
I notice you ignored the inflation rates in 2022, when it hit 9.1%...
Or that prices went up over 17% from 2021-2023...
And let's look at the inflation rates by month in 2020 (since you're bragging about the 2023 rates)...
2020 2.5 2.3 1.5 0.3 0.1 0.6 1.0 1.3 1.4 1.2. 1.2 1.4
But sure, inflation is down, so it's all better...