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Explaining the inflation rate (lemmy.world)

submitted 3 months ago by [email protected] to c/whitepeopletwitter

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[–] [email protected] 7 points 3 months ago (1 children)

The best we can hope for is for them to not increase as fast as they have

That's what inflation going down means. Inflation is the rate in which prices increase. Saying "inflation going down" means that the rate prices increase is not as much. "Inflation going down" still means prices are increasing. People are confusing "inflation going down" with deflation, which means prices are decreasing.

[–] [email protected] 4 points 3 months ago

Yeah, that's exactly what I mean. I don't think most people understand that, and it will lead to people losing faith in experts when they're told inflation is back to pre-pandemic levels but prices aren't.