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this post was submitted on 07 Jan 2024
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They really need to fix their messaging and how the media talks about inflation.
Inflation isn’t low, it’s very high. The inflation RATE is back down to reasonable levels, but you can’t ever get rid of inflation without some policies that have very very very low support.
Yes, that's what it means. Inflation is a rate. When inflation is low, it's still inflation, but it's a low rate.
Wage vs CPI is what you really want to look at, whether you include food and energy prices changes how you perceive the impact. https://www.statista.com/statistics/1351276/wage-growth-vs-inflation-us/
There's zero reason to ever "deflate" a currency. In fact, when it's been tried every single time it's become catastrophic.
The new numbers are bigger than the old numbers, but as long as wages catch up sooner rather than later, they're just a bigger number without being a detriment.
You keep using that word, I don't think it means what you think it means.
Can you give an example of what you mean, here? What comes to mind are price of common goods such as eggs or gas which have indeed come down.