this post was submitted on 01 Dec 2024
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Drag doesn't know exactly what the problem is, but the official inflation figures cannot be right. Housing is so much more expensive. Food is more expensive. And it's not 9% more expensive. Drag knows they say the math takes into account the price of rent, but they've gotta be lying somehow. It's impossible that the cost of living is rising so much faster than inflation. Those should be the same. If they're not the same, someone's math is wrong.
I keep track of my grocery bills going on 10 years now and 14-15% is spot on for what I buy.
Housing is more than 15% more expensive
It may as well be accounted in the inflation, but with a lower weight. Usually the institution responsible for calculation of the inflation will publish the methodology so one can see for emselve, real perceived inflation may be higher or even lower depending on what your consumption profile is.
Won't your consumption profile necessarily change if rent is raised and you have to buy fewer luxuries? Do the calculations take that into account?