Re:Euro zone inflation soars to a record 10%, piling pressur...
by uup on Friday September 30, 2022 @11:24AM
(#33036119)
Yes, but that’s the OPs point. No one cares about the price of TVs. The metric (core inflation and CPI) isn’t measuring peoples experience accurately.
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Re:Euro zone inflation soars to a record 10%, piling pressur...
by UncleMeat on Friday September 30, 2022 @11:40AM
(#33036366)
When things like used cars were driving numbers people absolutely wanted to include those in the messaging. I saw zero inflation-bugs complaining that really we should be using food and energy only when those weren't the dominant forces.
Re:Euro zone inflation soars to a record 10%, piling pressur...
by lm28469 on Friday September 30, 2022 @11:50AM
(#33036507)
> I saw zero inflation-bugs complaining that really we should be using food and energy only when those weren't the dominant forces.
Because it is never that clear cut.
If food goes up by 2%, gas/electricity by 3% and TV/video games/cars by 2.5% you can say inflation is ~3%
If food goes up by 30%, gas/electricity by 100% and TV/video games/cars by 2.5% saying inflation is 10% by using magic maths is bullshit
Re:Euro zone inflation soars to a record 10%, piling pressur...
by UncleMeat on Friday September 30, 2022 @12:06PM
(#33036733)
But what if food goes up by 2% and cars/lumber go up by 50%? In that case will you still exclude the cars and lumber?
Re:Euro zone inflation soars to a record 10%, piling pressur...
by lm28469 on Friday September 30, 2022 @12:35PM
(#33037050)
Let's talk about that when it happens, I feel like it's not a very realistic scenario
Re:Euro zone inflation soars to a record 10%, piling pressur...
by UncleMeat on Friday September 30, 2022 @01:07PM
(#33037511)
Literally last fall.
Re:Euro zone inflation soars to a record 10%, piling pressur...
by Am4TIfIsER0ppos on Friday September 30, 2022 @04:01PM
(#33040021)
Yes and yes. Lumber will come back around into people's expenses for shelter. Cars are harder to justify leaving out.
Re:Euro zone inflation soars to a record 10%, piling pressur...
by candiodari on Saturday October 01, 2022 @09:37AM
(#33046498)
But these people are largely hired and paid for by the government. The government, who has to pay extra if inflation goes up (esp. in Europe). Obviously they have a preference for lower inflation.
(and frankly, to a small extent their argument is valid. If everyone switches from Coca-Cola to Pepsi, even if they do so because it's cheaper, then Coca-Cola has no place anymore in an inflation index. Prices are meant to affect buying behaviour and products must be allowed to replace each other)