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Started By
Message
Somebody please explain the supposed bullshite 8.5% inflation rate
Posted on 9/5/22 at 1:53 pm
Posted on 9/5/22 at 1:53 pm
The bag of dog food I bought for my dogs today was $17.95. A year ago it was $12.75. Isn’t that around a 40% increase?
What’s this 8.5% bullshite?
What’s this 8.5% bullshite?
49
Posted on 9/5/22 at 1:53 pm to Geekboy
It is Bullshite
Posted on 9/5/22 at 1:54 pm to Geekboy
It’s 8.5% per serving.
Posted on 9/5/22 at 1:55 pm to Geekboy
quote:
What’s this 8.5% bullshite?
Sometimes, they mean per month.
Posted on 9/5/22 at 1:55 pm to Geekboy
It's just a made up number.
Posted on 9/5/22 at 1:58 pm to Hangit
quote:
Sometimes, they mean per month.
This - when they don’t specify the timeframe
Assume month
And it multiplicative
8.5% increase every month
Posted on 9/5/22 at 1:58 pm to Geekboy
It's the average of all items.
With various adjustments to make it look lower.
With various adjustments to make it look lower.
Posted on 9/5/22 at 1:58 pm to Geekboy
You live in a time when we're gaslit about everything, everyday. Journalists and academics live to serve The Narrative.
Posted on 9/5/22 at 1:59 pm to Geekboy
Did you expect each and every item to be raised 8.5%? Some items are up 3%, other things are up 10%. Inflation effects different items differently
Posted on 9/5/22 at 2:00 pm to theunknownknight
quote:
This - when they don’t specify the timeframe
Assume month
And it multiplicative
8.5% increase every month
Well thats not true, it's YoY
They change the inputs to manipulate the output is the real answer
Posted on 9/5/22 at 2:01 pm to theunknownknight
The standard is annualized. You don't know shite about shite.
It's based off of a basket of goods. The basket isn't entirely dog food. Some segments increase more than others. Ignorant asses.
It's based off of a basket of goods. The basket isn't entirely dog food. Some segments increase more than others. Ignorant asses.
Posted on 9/5/22 at 2:01 pm to thejuiceisloose
quote:
Some items are up 3%,
Please name one item that has only gone up 3%.
Posted on 9/5/22 at 2:02 pm to thejuiceisloose
quote:
Inflation effects different items differently
You meant affects.
Posted on 9/5/22 at 2:03 pm to Geekboy
quote:
What’s this 8.5% bullshite?
This number doesn't include all the things we buy/use everyday; gas, food, etc.
Posted on 9/5/22 at 2:05 pm to Geekboy
That’s still some cheap dog food.
Posted on 9/5/22 at 2:08 pm to LSUBogeyMan
"Post-Covid World". One situation is created to create another situation.
Posted on 9/5/22 at 2:11 pm to tigerbutt
quote:
Please name one item that has only gone up 3%.
TVs and patio furniture come to mind. But grocery items seem to be almost universaly higher yoy.
Posted on 9/5/22 at 2:12 pm to Wtodd
They have pulled out volatile items over the years - like gas for one - so the current statistics are not accurate.
Posted on 9/5/22 at 2:24 pm to Geekboy
Everything I’ve seen has been about a 40% increase
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