this post was submitted on 26 Oct 2024
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Economy
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If it was 6.5% and it's now less, is it not down?
Nah, looks like its up like 19.3% since 2020
Do you mean that prices have gone up that much? Inflation is the rate of increase in prices annually. Like you said, it will never be less than zero, because prices always go up over time. But how quickly (or slowly) they go up changes, which is what inflation measures. They go up slower now than they did in the past few years, which means that inflation is down.
Nope, looks like inflation will always go up. Its in the name. The word "deflation" is when it goes down.