• btaf45@lemmy.world
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    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
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      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
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        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.