Re:Consumer prices increase 2.6 percent
by asquabventured on Tuesday May 11, 2021 @05:37PM
(#27123847)
The "basket of goods" they use to measure inflation is purposefully gamed to under represent purchases everyone makes weekly that are "volatile". But good news is that DVD players are cheaper than ever so inflation must be low!
[ Parent
| on HN ]
Re:Consumer prices increase 2.6 percent
by AnotherGoodName on Tuesday May 11, 2021 @05:40PM
(#27123882)
Fuel, which isn't purchased as often since the pandemic started has maintained its CPI weighting and has gone down dramatically however.
Inflation is one of those things where if it's clearly stated as being extremely high can risk a lot of followon effects as everyone divests themselves of any direct monetary assets.