• Yewb@lemmy.world
    link
    fedilink
    English
    arrow-up
    8
    arrow-down
    6
    ·
    1 year ago

    The calculation has been changed twice in 2 years to paint a better picture and remove some of the things!

    • btaf45@lemmy.world
      link
      fedilink
      English
      arrow-up
      11
      arrow-down
      2
      ·
      1 year ago

      Previous inflation rates are often recalculated. The point is that the USA has managed inflation far better than the UK and their Conservative Party, in which inflation peaked at a ridiculous 14% rate.

      • Yewb@lemmy.world
        link
        fedilink
        English
        arrow-up
        2
        ·
        1 year ago

        Can you educate me?

        From my perspective the change was specifically to make inflation look lower, do you shop at a grocery store? Are you kidding me?

        • btaf45@lemmy.world
          link
          fedilink
          English
          arrow-up
          4
          ·
          1 year ago

          If you shop at a grocery store in the UK your prices would have increased 14% under Conservative Party rule. Not kidding.

          • Techmaster@lemmy.world
            link
            fedilink
            English
            arrow-up
            1
            ·
            edit-2
            1 year ago

            Grocery prices where I live in the US have more than doubled. If the prices didn’t double, then they probably shrunk the portions of food and the size of the packaging. So how do we more than double prices and call that 3% inflation? Housing prices around here have also doubled since the start of COVID.

            • btaf45@lemmy.world
              link
              fedilink
              English
              arrow-up
              2
              ·
              1 year ago

              prices where I live in the US have more than doubled.

              That’s weird. For everybody else, it was only an annualized 3% increase for the month of June 2023. Guess businesses in your city is screwing people.

              • Techmaster@lemmy.world
                link
                fedilink
                English
                arrow-up
                1
                ·
                1 year ago

                It’s like that everywhere. Maybe from 2022 to 2023 it didn’t go up, but it’s still very high. The price of everything needs to go down. Claiming that inflation is low because it hasn’t gone up much more is disingenuous. It’s already high. People are struggling because the price of food, rent, houses, etc have doubled. We need an inflation rate of negative double digits or life is just going to continue to get even harder for everyone.

                • btaf45@lemmy.world
                  link
                  fedilink
                  English
                  arrow-up
                  1
                  ·
                  1 year ago

                  It’s like that everywhere

                  Inflation peaked at 8.7% in the US and 14% in the UK.

                  We need an inflation rate of negative double digits

                  Deflation is actually worse than inflation.