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Explaining the inflation rate (lemmy.world)

submitted 4 months ago by The_Picard_Maneuver to c/[email protected]

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[–] [email protected] 27 points 4 months ago (1 children)

People really need to know what "rate" means.

[–] [email protected] 14 points 4 months ago* (last edited 4 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.