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"I feel like I'm on a hamster wheel" — US cost of living has skyrocketed since 2020
(boingboing.net)
this post was submitted on 28 Nov 2023
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But I was told here yesterday that inflation is going down and I should be happy things are the way they are.... /s
Inflation is like acceleration. Acceleration going down means you are still speeding up, just at a lower rate. For prices to go down, we need DEFLATION!
https://www.youtube.com/watch?v=sq1KLp7v6ys
Inflation has gone down. Doesn’t mean the prices have. In fact they specifically keep going up, because it seems that literally every business has decided the only thing that matters is how much their CEO is worth.
When every industry and consumer goods producer is a monopoly, market competition no longer exists so prices don't really effect demand. Especially for inelastic goods like gas or food.
So it hasn't gone down in the sense of the actual purchasing power for the average person. Meaning price inflation.
Think how it would be if inflation were to keep going up.
Keep beating me please massa.