Fourier
Registered User
With respect to paragraph 2, what you are saying just is not so. It is true that there are various ways to measure inflation but the numbers that go into these calculations do track many different costs much more accurately than you suggest. Though I'd be curious as to what you call true inflation.You must make a decent coin to be able to live in NY. I mean relatively speaking. Are you Manhattan or in the Burroughs? I thought you said Manhattan during pandemic or at least you had to travel through that during pandemic. I remember some of the convos we had during that difficult time.
The trouble with a lot of the most utilized economic gauges is they don't seem to track true inflation and consumer cost very well. I mean costs can double and you'll see some indicator saying there was like 6% inflation...
The cost of living increases are unprecedented, and the most seen since they started keeping track in the 50's.
With respect to the bolded. You were alive in the 70's and early 80's.
Current inflation rates feel unprecedented because we have lived with low inflation for the last 30 years. 2022 was very bad. But the current inflation rate, that is in 2023, is actually lower than it was for almost 2 decades between 72 and 91. What is unprecedented is the speed at which the BOC raised interest rates.
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