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@politics on kbin.social is a magazine to share and discuss current events news, opinion/analysis, videos, or other informative content related to politicians, politics, or policy-making at all levels of governance (federal, state, local), both domestic and international. Members of all political perspectives are welcome here, though we run a tight ship. Community guidelines and submission rules were co-created between the Mod Team and early members of @politics. Please read all community guidelines and submission rules carefully before engaging our magazine.

founded 2 years ago

Inflation is plummeting across America except in Ron DeSantis’ Florida (www.alternet.org)

submitted 1 year ago by [email protected] to c/[email protected]

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Americans learned Wednesday morning the rate of inflation nationally has dropped dramatically, to just 3% annually, down from over 9% one year ago.But not in Florida, which MarketWatch reports “has the highest inflation in the U.S.”For much of the year, even before his presidential campaign official...

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[–] [email protected] 12 points 1 year ago* (last edited 1 year ago) (1 children)

CPI is a better indicator for anyone who isn't living on trust fund growth, and that shit is up 12.3% since July 2021 nationwide.

18.3% since 2020.

[–] [email protected] 8 points 1 year ago* (last edited 1 year ago)

CPI is a better indicator for anyone who isn't living on trust fund growth, and that shit is up 12.3% since July 2021 nationwide.

That's unsurprising given how much of inflation was driven by food and energy costs. More info here for those who want to know more about the difference between these related metrics.