• samus12345@sh.itjust.works
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    2 days ago

    Inflation outpaces wages. You have to also convert those into modern dollars to get a better idea of the cost of things for the average consumer.

    • SreudianFlip@sh.itjust.works
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      17 hours ago

      All these calculations are skewed by the increase in housing costs that have outpaced other inflation calculations.

      For the median and poor this has a much larger and unacknowledged effect, creating more price pressures for average people than basic inflation reporting depicts.