Inflation rises 7.5% over past year, more than expected and highest since 1982

Re:Inflation rises 7.5% over past year, more than expected a... by hervature on Thursday February 10, 2022 @10:35AM (#30287609)

First, utility prices are really your state's responsibility (as in, they ultimately decide how expensive it is). Things like driving for green energy and canceling pipelines add to the cost. Obviously, the hope is that it pays off in the long run. Second, [1] is Nevada decreasing prices last year. Your "lifetime of data" is really a data point of n=1.

[1] - https://www.nvenergy.com/about-nvenergy/news/news-releases/p...

[ Parent | on HN ]

Re:Inflation rises 7.5% over past year, more than expected a... by VincentEvans on Thursday February 10, 2022 @10:55AM (#30287964)

Perhaps you are right. My life experiences in US date back to 1995. I can’t think of a single utility or typical household spending bill that was more expensive in the past than it is now. Can you think of one?

[ Parent | on HN ]

Re:Inflation rises 7.5% over past year, more than expected a... by hervature on Thursday February 10, 2022 @12:09PM (#30289235)

Not even the five dollar footlong lasted much longer than a decade. Outside of new technology, nothing is going to get less expensive over the time span of 30 years. That's guaranteed by the 2-3% inflation target.

[ Parent | on HN ]

Re:Inflation rises 7.5% over past year, more than expected a... by VincentEvans on Thursday February 10, 2022 @06:21PM (#30294231)

I don’t disagree with what you said. I am of the opinion however based on my experience - that these large jumps as we experiencing right now - tend to stick and make you wish for the good old 2-3% inflation.

[ Parent | on HN ]