Consumer Prices in U.S. Increase by Most Since 2009

Re:Consumer Prices in U.S. Increase by Most Since 2009 by throw0101a on Wednesday May 12, 2021 @04:22PM (#27134689)

> If you look at real inflation it's been closer to 4-5% a year since 2009.

No, it has not:

* https://awealthofcommonsense.com/2021/01/inflation-truthers/

Given that GDP growth has averaged 2% per year, if inflation was 4-5% that would mean the US economy was having 2-3% deflation in real terms.

During the economic devastation of 2009 there was negative 0.35% inflation. Can you imagine what kind of economic apocalypse would occur with negative 2%?

What you are saying makes no sense whatsoever.

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Re:Consumer Prices in U.S. Increase by Most Since 2009 by dragonwriter on Wednesday May 12, 2021 @04:35PM (#27134833)

> Given that GDP growth has averaged 2% per year, if inflation was 4-5% that would mean the US economy was having 2-3% deflation in real terms.

Pedantic, but the that would be “contraction” not “deflation”. (Contraction = declining real output, deflation = declining nominal prices.)

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Re:Consumer Prices in U.S. Increase by Most Since 2009 by eloff on Wednesday May 12, 2021 @05:08PM (#27135167)

Yes, sorry my memory betrayed me. It's about 3%/year over the last 30 years according to the source. I posted a correction.

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