• n2burns@lemmy.ca
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    25 days ago

    As I’ve pointed out elsewhere, that’s not inflation. That’s a lack of purchasing power, not inflation which is a loss of purchasing power. We lost that purchasing power over 2022 and 2023, but the difference in price between November of 2023 and now is relatively small.

    • AlDente@sh.itjust.works
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      25 days ago

      Oh neat! Inflation only exists if it happened in the last 12 months. /s

      Accumulative inflation is a thing, and it is up 21.8% since 2020.