Science Memes

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Percentages (mander.xyz)

submitted 2 weeks ago by [email protected] to c/[email protected]

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[–] [email protected] 14 points 2 weeks ago (7 children)

People got this wrong about inflation as well. In 2020 there was actual deflation, and in 2021 there was very minimal inflation, meaning prices were still largely lower or similar as 2019. Then we saw 9% inflation in 2022. Total inflation in 2024 vs the 2019 benchmark was around 15%. Or 3% average per year, which is barely over the baseline. People just hear 9% inflation, completely missing the fact that this was a YoY number relative to the Trump recession.

[–] yesman 10 points 2 weeks ago (1 children)

And then there was that bogus article that said Argentina had lowered it's inflation to 2% and you find out in the article that's monthly inflation and the yearly figure was like 190%.

[–] [email protected] 1 points 2 weeks ago

If they managed to decrease from 190%/year to 2%/month (which is 27%/year) that's still an impressive result. Not as impressive to publish when you want to make a click bait.

I'm not sure how to put that to percentages thought, is it 86% and 143 percent points decrease?

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