StarvingMartist@sh.itjust.works to simpsonsshitposting@sh.itjust.worksEnglish · 4 days agoGo on thensh.itjust.worksimagemessage-square194fedilinkarrow-up11.11Karrow-down125
arrow-up11.09Karrow-down1imageGo on thensh.itjust.worksStarvingMartist@sh.itjust.works to simpsonsshitposting@sh.itjust.worksEnglish · 4 days agomessage-square194fedilink
minus-squarewewbull@feddit.uklinkfedilinkEnglisharrow-up30·4 days agoThe inflation figure is an annual figure though. It means things are 2.7% more expensive than they were last year. OP is showing an example nearer 60%.
minus-squareClent@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up21·3 days agoIt’s actually showing 47%. The price is based on pounds which increased from $10.99 to $15.99.
minus-squareTja@programming.devlinkfedilinkEnglisharrow-up15·3 days agoSince it’s from April to August, it’s actually showing 31% annual. And since a sample size of one, and the location is redacted (could be comparing Texas with NYC or Hawaii) it’s showing nothing.
minus-squaresqgl@sh.itjust.workslinkfedilinkEnglisharrow-up7·3 days agoAnd meat prices are factored into a CPI I presume.
minus-squarewewbull@feddit.uklinkfedilinkEnglisharrow-up1·2 days agoI think OP is trying to demonstrate how useless CPI is as a measure.
minus-squareGreyEyedGhost@lemmy.calinkfedilinkEnglisharrow-up2arrow-down1·2 days agoInflation isn’t based on the cost of a single thing. You’re confusing it with stocks.
The inflation figure is an annual figure though. It means things are 2.7% more expensive than they were last year. OP is showing an example nearer 60%.
It’s actually showing 47%. The price is based on pounds which increased from $10.99 to $15.99.
Since it’s from April to August, it’s actually showing 31% annual.
And since a sample size of one, and the location is redacted (could be comparing Texas with NYC or Hawaii) it’s showing nothing.
And meat prices are factored into a CPI I presume.
I think OP is trying to demonstrate how useless CPI is as a measure.
Inflation isn’t based on the cost of a single thing. You’re confusing it with stocks.