• daannii@lemmy.worldEnglish
    1·
    26 days ago

    Can someone explain how inflation is ~7% but in reality, things have increased in prices substantially more?

    How can they say it’s only 7%

      • daannii@lemmy.worldEnglish
        1·
        26 days ago

        Okay well that definitely helps explain some of it. I still think inflation has been much higher than most report for the last 2-3 years. Even after discounting the covid spikes.

        • hemmes@lemmy.worldEnglish
          5·
          26 days ago

          What you’re seeing are companies, from production to distribution, taking advantage of the socially perceived effect of inflation and artificially raising prices. You know, for profits.