Quote:
Originally Posted by Bill14564
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.
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Please, I don't understand what inflation means? Oh boy, I'm about to hear a fairy tale about inflation. Painting pretty pictures about how we should all be thriving in the price increases we have endured recently is ridiculous.
The SS COLA increase addressed little of actual increases in the cost of living for seniors and the stock market is a rocky, old boat with a small cork plugging the hole in it's problems. I sure wish I had some of that elixir to get the same skewed perspective.
Bureau of Labor Statistics:
Since 2020, US inflation has seen a significant increase, peaking in 2022 and then declining in 2023. The inflation rate in 2020 was 1.23%, increasing to 4.70% in 2021 and 8.00% in 2022. In 2023, it decreased to 4.12%. As of March 2025, the Consumer Price Index (CPI) for all items rose by 2.4% over the last 12 months,