FontMasterFlex comments on "I feel like I'm on a hamster wheel" — US cost of living has skyrocketed since 2020

[–] FontMasterFlex@lemmy.world 40 points 2 years ago (4 children)

But I was told here yesterday that inflation is going down and I should be happy things are the way they are.... /s

[–] mohammed_alibi@lemmy.world 21 points 2 years ago

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!

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[–] dipshit@lemmy.world 7 points 2 years ago (1 child)

I didn’t mention this to you. it must have been some other dipshit.

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[–] Malfeasant@lemm.ee 1 point 2 years ago

https://www.youtube.com/watch?v=sq1KLp7v6ys

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[–] SuiXi3D@kbin.social 6 points 2 years ago (2 children)

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.

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[–] KinglyWeevil@lemmy.dbzer0.com 4 points 2 years ago

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.

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[–] 1847953620@lemmy.world 1 point 2 years ago

So it hasn't gone down in the sense of the actual purchasing power for the average person. Meaning price inflation.

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