return2ozma@lemmy.world to politics @lemmy.world · 10 months agoThe US economy is doing well. President Biden wants to know why so many Americans are still feeling badwww.cnn.comexternal-linkmessage-square71fedilinkarrow-up10arrow-down11
arrow-up1-1arrow-down1external-linkThe US economy is doing well. President Biden wants to know why so many Americans are still feeling badwww.cnn.comreturn2ozma@lemmy.world to politics @lemmy.world · 10 months agomessage-square71fedilink
minus-squareMaggoty@lemmy.worldlinkfedilinkarrow-up0·10 months agoThe article makes a misleading statement about inflation right off the bat. That it’s at a three year low and that’s a sign of good things. But inflation doesn’t work like that. This just means prices are increasing at a slower rate. Not that prices have gone down.
minus-squarecrypticthree@lemmy.worldlinkfedilinkarrow-up0·10 months agoAlso inflation is not a measure of the cost of living. CPI is ostensibly a measure of cost of living but it’s not particularly good at that either
minus-squaremommykink@lemmy.worldlinkfedilinkarrow-up0arrow-down1·10 months agoCPI is fine when it isn’t manipulated to hell like the government does to make things seem better than they actually are.
The article makes a misleading statement about inflation right off the bat. That it’s at a three year low and that’s a sign of good things.
But inflation doesn’t work like that. This just means prices are increasing at a slower rate. Not that prices have gone down.
Also inflation is not a measure of the cost of living. CPI is ostensibly a measure of cost of living but it’s not particularly good at that either
CPI is fine when it isn’t manipulated to hell like the government does to make things seem better than they actually are.