Quote:
Originally Posted by Aces4
Good to hear prices you're paying stabilized and nothing has gone up in the past few years and continuing. We see constant increases in pricing, constant.. taxes, repairs, food, medical, insurance, utilities, phone bills, internet services, the list is endless. But good on you.
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So you don’t understand what inflation means.
Yes, things have increased, two years ago almost 4%, last year about 2.5%, and this year it’s too soon to tell. Prices have gone up and that is called inflation.
Yes, prices have gone up constantly and that is normal. The last two years that prices did not increase were 2015 and 2009. Both those years followed significant economic problems in the US. We don’t want another recession with negative inflation.
People have different ideas of what “high” inflation is. Above 5% is certainly high, some would say above 3%, and still others would say anything above 0% is too much. A common target for a healthy US economy is 2%. Last year’s 2.5% was pretty good and last month’s 2.4% was a little better.
Inflation so far this year is not greater than ever, not even close. Prices increased last year but so did the SS COLA and so did the stock market. Some items increased far more than inflation and those need to be looked at but they are the exception, not the rule.