Re:Consumer prices increase 2.6 percent
by snarf21 on Tuesday May 11, 2021 @05:54PM
(#27124058)
The government has perverse incentives to keep it low and close to the same. The way the CPI is calculated has changed dozes of times in the last 30 years. Like you said, if you at food, healthcare, education, etc., they are up way more than 3% year over year.
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> Like you said, if you at food, healthcare, education, etc., they are up way more than 3% year over year.
That's how averages work
Re:Consumer prices increase 2.6 percent
by katmannthree on Tuesday May 11, 2021 @06:17PM
(#27124292)
The greater point is that the cost of essentials has skyrocketed but the effect is hidden in official inflation metrics because they include a large number of nonessential items such as utility-adjusted television prices.
Yeah, I can buy cheap 55 inch tvs for days. But my family's health insurance is still $36k/year (and regularly going up). I guess that can buy me about 75 55 inch tvs though, maybe I should spend it on that instead.