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walker
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2023-08-17 00:31:28

walker on Nostr: PSA: inflation is not “down.” July 2023 CPI was 3.2%. But in July 2022, prices ...

PSA: inflation is not “down.”

July 2023 CPI was 3.2%.

But in July 2022, prices were up 9.1% vs July 2021.

And in July 2021, prices were up 5.4% vs July 2020.

The *rate* of YoY price increases has gone down slightly.

But your purchasing power keeps going down year after year.
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