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Jared 🎩
@javabu.eth
I hate articles like this because they overlook the fact that inflation compounds over time. "Inflation in the United States dropped last month to its lowest point since it first began surging more than three years ago, adding to a spate of encouraging economic news in the closing weeks of the presidential race. Consumer prices rose just 2.4% in September from a year earlier, down from 2.5% in August, and the smallest annual rise since February 2021. Measured from month to month, prices increased 0.2% from August to September, the Labor Department reported Thursday, the same as in the previous month." https://apnews.com/article/inflation-prices-interest-rates-economy-federal-reserve-cd6d9712bfd484d6e1bc4ccb958dcf23
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MattwithouttheT 🎩
@mathew
Yeah, it’s a bit misleading for sure. But it gives big corps a talking point when your comp increase is microscopic compared to growth in profits
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Augustvscaesar.eth
@augustuscaesar
It’s marketing. The masses can’t know the federal reserve’s job isn’t to reduce prices, but to slow their growth overall. It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. - Henry Ford
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alixkun🟣🎩🍡
@alixkun
One of the common mistake for most people is to think "inflation decreases" = "prices decrease". No. It's just that prices are increasing slower than before ^^;
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BrixBountyFarm 🎩
@brixbounty
Not to mention regional variations… Would love to see a cpi for New England east of the Hudson.
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Jeff Excell 🎩
@jeffexcell
Has inflation ever turned into deflation? Does anyone think we will ever get those prices again? Might just need to turn the page on those prices at this point. Everything is gonna suck forever if we compare it to what once was.
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oxdev.base.eth 🎩🔵Ⓜ️
@ayojoseph
I think news/ articles like this are majorly for the financial market .
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