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Trump refuses to share pre-holiday inflation report — first skipped month in 12 years (www.rawstory.com)
submitted 11 months ago by to c/economy@lemmy.world
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The federal agency will skip the postponed October report on the Producer Price Index and instead roll those figures into November's report, which will be published Jan. 14, reported the Wall Street Journal.

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[–] 8 points 11 months ago (3 children)

I mean inflation itself as a formula has been constantly tinkered with to make it look nicer, excluding extreme changes (unless they beneficially contribute to under-representing the actual inflation).

For example, inflation was supposed to be on average 4-5% YoY for the past ~5 years here in the UK, yet somehow everything that matters - food, bills, rent, etc. - went up by 50-70% if not more in that period.

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  • [–] 5 points 11 months ago (2 children)

    I mean 5% inflation is a pretty high rate. At 5% YoY you'd have prices up ~30% in 5 years.

    If that rate is uneven (lower/higher across different segments of the purchasing basket) you could get towards 50% inflation in some areas.

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  • [–] 3 points 11 months ago (1 child)

    I said average - and that average was offset by the fact that during COVID (which does fall into the "past 5 years" period), inflation was pretty high "on paper" at 12% (at the time it felt much closer to 30-40%).

    Recent years had "okay" inflation of 2-4%.

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