• n2burns@lemmy.ca
    link
    fedilink
    arrow-up
    10
    arrow-down
    1
    ·
    18 days ago

    Inflation rate and inflation are the same. You’re confusing inflation with affordability.

    • anticurrent@sh.itjust.works
      link
      fedilink
      arrow-up
      1
      arrow-down
      1
      ·
      17 days ago

      easy, just compare to 5 years ago instead of year-on-year, and that will give you a 24 % inflation.

      Now tell me how can you make life affordable again ? increasing wages by 25 % all at once or deflation at 15 % or so? or an all out civil war or something ?

      This lie that inflation can only go up without wages keeping up is what the governing class helped by their paid for economists use to keep the working docile until shit hits the fans.

      • n2burns@lemmy.ca
        link
        fedilink
        arrow-up
        1
        arrow-down
        1
        ·
        17 days ago

        I’m not sure why you’re responding to my comment. What you said seems to be completely unrelated to what I said.

    • PriorityMotif@lemmy.world
      link
      fedilink
      arrow-up
      6
      arrow-down
      8
      ·
      18 days ago

      That’s literally the definition of inflation. “Inflation is a loss of purchasing power that reflects a rise in prices for goods and services over time.”

      • n2burns@lemmy.ca
        link
        fedilink
        arrow-up
        7
        arrow-down
        1
        ·
        17 days ago

        That definition is literally describing a change, as rate of change.

        Inflation is a loss of purchasing power

        Over the past year, we haven’t experienced a loss of purchasing power. We have a lack of purchasing power, but we lost it over the 2-3 years prior to the last year.

        a rise in prices for goods and services over time

        This is pretty much the mathematical definition of a rate of change. Like how speed is the rate of change in position over time. After a day of traveling, your position (prices for goods) may be way different than your starting point, but if you’re not currently moving, your speed (inflation) is NIL.