Quote:
Originally Posted by mtlee024
No way current inflation is 2.5%, inflation is an accunulative thing. Something in 2020 that cost $10 at 9.1 infkation cost $10.91. If as you sugget inflation is just 2.5% then that item now cost $11.81. Seems to me my $10 iinflation is 10.81%. We can do anything we want with numbers and statistics. So don';t listen to that 2.5% inflation BS.
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You lost me $11.81 and 10.81%. Where did those numbers come from.
Inflation is measured from one year to the next (or sometimes from one month to the next). Yes it is cumulative, but the numbers that are used and compared are those for year-over-year.
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Why do people insist on making claims without looking them up first, do they really think no one will check? Proof by emphatic assertion rarely works.
Confirmation bias is real; I can find any number of articles that say so.
Victor, NY - Randallstown, MD - Yakima, WA - Stevensville, MD - Village of Hillsborough
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