this post was submitted on 26 Dec 2023
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the_dunk_tank

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It's the dunk tank.

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[–] Tommasi@hexbear.net 109 points 10 months ago (3 children)

The cool thing about inflation "plummeting" is that it doesn't undo the damage high inflation already did. Food is still massively more expensive than it was a year ago, weirdly enough that bothers people.

[–] FourteenEyes@hexbear.net 77 points 10 months ago (3 children)

It also means that prices are still going up, just not as fast

[–] SacredExcrement@hexbear.net 51 points 10 months ago

Something so many people miss lmao

"Inflation is down" Ok and? Damage is still done from the insane rate it was at, and thanks to the austerity measures the admin took (like raising interest rates), things are arguably worse

[–] DragonBallZinn@hexbear.net 16 points 10 months ago* (last edited 10 months ago)

porky-scared-flipped: "You want prices to go down? you trying to ruin my invooooooooostments!?! Learn some economics!"

[–] Gosplan14_the_Third@hexbear.net 14 points 10 months ago (1 children)

Also 3,0% inflation =/= 3,0% on food. It's probably caused by fuel prices going down, skewing the statistic, while the essentials keep going up?

[–] Goferking0@ttrpg.network 51 points 10 months ago (1 children)

yeah but wages went up by 5% - person trying to argue what a great job Biden has done.

They didn't seem to get why people are still doing poorly in the economy

[–] GreenTeaRedFlag@hexbear.net 7 points 10 months ago

I know someone like this, and it's weird because he is not doing well in this economy. I don't get how people lie to themselves about how economics work.

[–] Collatz_problem@hexbear.net 33 points 10 months ago (1 children)

Just do more derivatives until numbers start looking good.

[–] barrbaric@hexbear.net 18 points 10 months ago

The jerk, snap, crackle, and pop of inflation are lookin' really good!