5 ms·
I think the point is that inflation numbers are bs. The official number from 2021 to today is 23%. But we didn't see prices only 23%. A restaurant mean didn't g
by bko 6d ago
I think the point is that inflation numbers are bs. The official number from 2021 to today is 23%. But we didn't see prices only 23%. A restaurant mean didn't go from $20 to $25. It easily went up 50% or more.
Inflation isn't some force of nature that needs to be accounted for like the curvature of the earth.
- consensus1 6d agoI assume you got that > 50% number from actual CPI data and not just vibes, right?
- bko 5d agoWhen the data and the anecdotes disagree, the anecdotes are usually right. There's literally trillions at stake for under-reporting these numbers. A lot of government benefits are tied to this not to mention political ramifications of high inflation. So I'll go with vibes (i.e. experienced reality) over some government re-balanced basket formula