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Explaining the inflation rate (lemmy.world)
submitted 2 months ago by The_Picard_Maneuver@lemmy.world to c/whitepeopletwitter@sh.itjust.works
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[-] Tar_alcaran@sh.itjust.works 27 points 2 months ago

People really need to know what "rate" means.

[-] Fermion@feddit.nl 14 points 2 months ago* (last edited 2 months ago)

Or we should switch to talking about affordability indices rather than inflation. Inflation isn't a particularly informative figure for most people. What people really care about is the purchasing power of their income, not what the change in dollar value is.

this post was submitted on 20 Aug 2024
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