> Quality of living is plummeting
Massive citation needed.
Re:Why the 2% Inflation Target? (2023)
by jonplackett on Saturday March 23, 2024 @09:20AM
(#39799736)
Go ask literally anyone you know that doesn’t work in tech and isn’t rich.
Or read any one of many articles about it.
https://www.theguardian.com/business/2022/jul/19/uk-living-s...
https://www.theguardian.com/business/2022/nov/17/obr-confirm...
https://www.cnbc.com/id/44962589
https://www.economist.com/graphic-detail/2022/09/08/global-l...
Quality of living is plummeting and inflation on things you actually care about is way more than the headline rate. Housing, for example takes up a vast proportion of income and the increase has been way over inflation.
I don’t think it’s headline news to state that the headline rate of inflation is not all that reflective of reality.