this post was submitted on 26 Dec 2023
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Still trying to understand how inflation can be 9% June 2022-June 2023 but 3% dec-dec.
You ignore the cat falling a hundred feet and zoom in on the two feet the cat bounces up immediately after impact
(CW: ain't no CW the cat is invulnerable and only pretending to be dead to lull you into a false sense of security before adopting you)
Also cats can usually survive a hundred foot fall with just a bit of luck (a flat, somewhat soft surface)
It means prices are (supposedly, I am not American so don't know the situation there) rising slower (but still rising) - bourgeois economists believe prices rising by 1,5% to 3% every year is a good thing, who cares if the wages don't?
But alas, their job is to make businesses happy, not proles.
Understandable, but it's really just fucking with numbers.
“Supercore” inflation ignores food, housing, and energy.
Because capitalism is an extremely rational system.