StarvingMartist@sh.itjust.works to simpsonsshitposting@sh.itjust.worksEnglish · 11 个月前Go on thensh.itjust.worksimagemessage-square195linkfedilinkarrow-up11.01Karrow-down123cross-posted to: politicalmemes@lemmy.world
arrow-up1988arrow-down1imageGo on thensh.itjust.worksStarvingMartist@sh.itjust.works to simpsonsshitposting@sh.itjust.worksEnglish · 11 个月前message-square195linkfedilinkcross-posted to: politicalmemes@lemmy.world
minus-squarewewbull@feddit.uklinkfedilinkEnglisharrow-up29·11 个月前The inflation figure is an annual figure though. It means things are 2.7% more expensive than they were last year. OP is showing an example nearer 60%.
minus-squareClent@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up21·11 个月前It’s actually showing 47%. The price is based on pounds which increased from $10.99 to $15.99.
minus-squareTja@programming.devlinkfedilinkEnglisharrow-up16·11 个月前Since it’s from April to August, it’s actually showing 31% annual. And since a sample size of one, and the location is redacted (could be comparing Texas with NYC or Hawaii) it’s showing nothing.
minus-squaresqgl@sh.itjust.workslinkfedilinkEnglisharrow-up7·11 个月前And meat prices are factored into a CPI I presume.
minus-squarewewbull@feddit.uklinkfedilinkEnglisharrow-up1·11 个月前I think OP is trying to demonstrate how useless CPI is as a measure.
minus-squareGreyEyedGhost@lemmy.calinkfedilinkEnglisharrow-up2arrow-down1·11 个月前Inflation isn’t based on the cost of a single thing. You’re confusing it with stocks.
The inflation figure is an annual figure though. It means things are 2.7% more expensive than they were last year. OP is showing an example nearer 60%.
It’s actually showing 47%. The price is based on pounds which increased from $10.99 to $15.99.
Since it’s from April to August, it’s actually showing 31% annual.
And since a sample size of one, and the location is redacted (could be comparing Texas with NYC or Hawaii) it’s showing nothing.
And meat prices are factored into a CPI I presume.
I think OP is trying to demonstrate how useless CPI is as a measure.
Inflation isn’t based on the cost of a single thing. You’re confusing it with stocks.