• walden@sub.wetshaving.social
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      6 hours ago

      That isn’t an indicator of current inflation. Past inflation, maybe.

      People confuse “everything is expensive” with “inflation is currently high”. It’s an understandable misunderstanding, and part of the reason why Kamala lost.

      • PriorityMotif@lemmy.world
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        5 hours ago

        It’s because of hysteretic effects from 4 years ago when they stopped production of cars and fewer cars were sold because people were staying home. Then there was a supply chain crisis because of the aforementioned shutdown. It’s inflation because the dollar can buy less than it used to. Things being more expensive is inflation. You’re confusing inflation rate with inflation.

        • n2burns@lemmy.ca
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          4 hours ago

          Inflation rate and inflation are the same. You’re confusing inflation with affordability.

          • PriorityMotif@lemmy.world
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            4 hours ago

            That’s literally the definition of inflation. “Inflation is a loss of purchasing power that reflects a rise in prices for goods and services over time.”