1118
Explaining the inflation rate (lemmy.world)
submitted 1 year ago by The_Picard_Maneuver@lemmy.world to c/whitepeopletwitter@sh.itjust.works
84 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[-] constnt@lemmy.world 7 points 1 year ago

The best we can hope for is for them to not increase as fast as they have

That's what inflation going down means. Inflation is the rate in which prices increase. Saying "inflation going down" means that the rate prices increase is not as much. "Inflation going down" still means prices are increasing. People are confusing "inflation going down" with deflation, which means prices are decreasing.

[-] InvaderDJ@lemmy.world 4 points 1 year ago

Yeah, that's exactly what I mean. I don't think most people understand that, and it will lead to people losing faith in experts when they're told inflation is back to pre-pandemic levels but prices aren't.

this post was submitted on 20 Aug 2024
1118 points (100.0% liked)

People Twitter

8423 readers
950 users here now

People tweeting stuff. We allow tweets from anyone.

RULES:

  1. Mark NSFW content.
  2. No doxxing people.
  3. Must be a pic of the tweet or similar. No direct links to the tweet.
  4. No bullying or international politcs
  5. Be excellent to each other.
  6. Provide an archived link to the tweet (or similar) being shown if it's a major figure or a politician. Archive.is the best way.

founded 2 years ago
MODERATORS
SendMeYourTaTas@sh.itjust.works
pelespirit@sh.itjust.works