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Shows how out of control inflation is (lemmy.world)

submitted 10 months ago by STRIKINGdebate2@lemmy.world to c/aboringdystopia@lemmy.world

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[-] lvxferre@lemmy.ml 52 points 10 months ago

1990? Oh I remember it. In Brazil they wouldn't be listing the year though, but the month - hyperinflation was raging on, back then. (I remember the 100 cruzeiro coins. They were cute.)

Anyway. The number doesn't match any pair of prices:

from '90 to '22 (32y): 224%
from '22 to '23 (1y): 162%
from '90 to '23 (33y): 364%

And one detail that they didn't mention is that +100%~200% between the 90s and the 20s is not a big deal, but +60% in a single year is a big fucking deal. That smells artificial as fuck, reinforcing what people have been saying here about not being inflation but price gouging.

this post was submitted on 28 Dec 2023

320 points (77.7% liked)

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