Skimpflation: A reason inflation is worse than the government says it is

Re:Skimpflation: A reason inflation is worse than the govern... by Gosper on Monday November 01, 2021 @07:11AM (#29065244)

Great, so when prices increase so much people can't afford to buy something there's no inflation with regard to that item. That's handy.

You're right, I suppose the homeless don't experience inflation in housing costs, therefore it doesn't exist!

This is as beautiful as the NSA's redefinition of surveillance whereby they only collect _all_ the data they can. But it's not surveillance until they look at it, which they assuredly don't because there's so much of it.

[ Parent | on HN ]

Re:Skimpflation: A reason inflation is worse than the govern... by verelo on Monday November 01, 2021 @08:40AM (#29065955)

Further to the point above, when this happens the GDP drops. These metrics need to be looked at in combination with each other, not in isolation. There is no "one metric", its a series of metrics that tell a story.

[ Parent | on HN ]