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ProfessorGAC

(66,113 posts)
42. However, If Using The 40 Year Historical...
Wed Apr 10, 2024, 04:06 PM
Apr 10

...average rate of inflation of 3.8% over that same 3.25 years, we get 12.88%
Now, that 5.12% is significant, but it's a bit misleading to announce 18% as a problem, without defining the magnitude.
In reality, it only cost $51 pet thousand of expenses more than it would have without the COVID triggered spike.
People too often, see a number like 18% and think that everything simply went up 18% higher than it was supposed to cost.

High? at 3.4%? The kids writing headlines don't remember the 1970s bucolic_frolic Apr 10 #1
Really, when I needed to borrow money, interest was 16%. When I had money to invest, interest of 0% Walleye Apr 10 #2
Exactly Rebl2 Apr 10 #54
In 1979 Mme. Defarge Apr 10 #15
I think I had 7% in 1987. LiberalFighter Apr 10 #52
We paid ours off early too. Mme. Defarge Apr 10 #66
Inflation is not just up 3.5%. All Mixed Up Apr 10 #16
Inflation is measured annually or month to month bucolic_frolic Apr 10 #17
It doesn't matter how it's reported. All Mixed Up Apr 10 #18
So what you're saying is we need a recession to break even. bluesbassman Apr 10 #23
Such a recession was tried in Britain in the 1920s DBoon Apr 10 #45
It's not even about breaking even.. All Mixed Up Apr 10 #53
Sure, but over the last 50 years the average annual inflation rate is around 3.8% Voltaire2 Apr 10 #29
Over the last 30 years, the average inflation rate is around 2%. All Mixed Up Apr 10 #50
Poster is correct... cumulative inflation up 18% since January 2021. WarGamer Apr 10 #24
However, If Using The 40 Year Historical... ProfessorGAC Apr 10 #42
see #24. You're correct. WarGamer Apr 10 #25
historic US inflation rates Celerity Apr 10 #51
Tech workers are seeing some of the highest layoffs since 2009! jmbar2 Apr 10 #3
As a long-time tech worker, this is kind of overdue. Technologies do change, and Industries do move onto SWBTATTReg Apr 10 #28
I never really recovered from that era jmbar2 Apr 10 #35
Sorry to hear this, that's the field I started in, in training, which is weird, I hadn't been in software (my degree) SWBTATTReg Apr 10 #55
Roughly translated - werdna Apr 10 #4
Bingo orangecrush Apr 10 #48
Morning Joe had a focus group of independant doc03 Apr 10 #5
The power of propaganda constantly repeated made obvious. Without any doubt, it works. Marcus IM Apr 10 #7
I'm very confused Mad_Machine76 Apr 10 #33
It all is about inflation. nt doc03 Apr 10 #34
Deflation from lockdowns NickB79 Apr 10 #38
The inflation rate in 2021 and 2022 was a direct result of the Covid pandemic. patphil Apr 10 #60
I wrote about this last week here, gab13by13 Apr 10 #6
Ok see how you like fascism idiots. triron Apr 10 #8
Yes, but we have to experience fascism at the same time Silent3 Apr 10 #14
According to the economy Flatrat Apr 10 #9
I love when inflation is talked about ScratchCat Apr 10 #10
Bingo! Exactly gab13by13 Apr 10 #12
I was telling people in spring 2021 ScratchCat Apr 10 #21
The farmer near me that sells excess eggs raised his prices 50%. This is not just big corporations. Silent Type Apr 10 #47
I have chickens & chicken feed keeps going up womanofthehills Apr 11 #67
That's what he said when he announced increase, cost of feed. Silent Type Apr 11 #68
When we have inflation during Republican administrations, it's an unstoppable force of nature 0rganism Apr 10 #26
From what i read..... TheRealNorth Apr 10 #11
Did you see, gab13by13 Apr 10 #13
Let's hold off calling for nationalization of oil until after the election. I want Dems to win. Silent Type Apr 10 #19
we're nearing $6/gal again in SoCal WarGamer Apr 10 #37
Saw oil is up around $90/barrel again NickB79 Apr 10 #39
I stopped watching CNN after the Trump town hall JuJuChen Apr 10 #20
Last month Avalon Sparks Apr 10 #22
I just purchased a 3lb bag of Honey Crisp apples. videohead5 Apr 10 #31
That is probably an exceptional sale price TheRealNorth Apr 10 #32
Yes videohead5 Apr 10 #61
Calculated today Avalon Sparks Apr 10 #57
I guess I'm more frugal videohead5 Apr 10 #62
Yes, and cheato also gave a clear senseandsensibility Apr 10 #27
Just the insignificant Truth Social sector Blue Owl Apr 10 #30
CNN has tanked ages ago malaise Apr 10 #36
I cannot pretend things aren't difficult Calculating Apr 10 #40
No: according to CNN the market dropped 500 points. brooklynite Apr 10 #41
Cmon! TheProle Apr 10 #43
A little misinformation there. It's a one-day report. ificandream Apr 10 #44
So they made it orangecrush Apr 10 #49
They did nothing wrong. ificandream Apr 10 #56
They've had plenty of articles on their main page about the market finishing at record highs... All Mixed Up Apr 10 #64
Very true. ificandream Apr 11 #70
You clearly don't remember the Fairness Doctrine brooklynite Apr 10 #65
Inflation is not some ethereal force angrychair Apr 10 #46
CNN? Who Dat? 🤔 LenaBaby61 Apr 10 #58
All electric Ford Mach-E codfisherman Apr 10 #59
It's election year and they want a horse race. Emile Apr 10 #63
As usual lower & mid income folks hurting - cost of borrowing is too high (interest rates) BUT TBF Apr 11 #69
Latest Discussions»General Discussion»According to CNN the econ...»Reply #42