• queermunist she/her@lemmy.ml
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    10 months ago

    Food prices are rising in price faster than inflation too. Hey, so, if everything is rising faster than inflation, what exactly is inflation measuring? 🤔

    • stink@lemmygrad.ml
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      10 months ago

      Gold Price Performance USD

      Change Amount %
      Today -3.05 -0.09%
      30 Days -2.33 -0.07%
      6 Months +439.72 +15.17%
      1 Year +830.12 +33.10%
      5 Year +1,354.95 +68.32%
      20 Years +2,894.79 +652.98%
      • queermunist she/her@lemmy.ml
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        9 months ago

        Right, because ultimately what inflation is measuring is how expensive it is to be comfortable, rather than how expensive it is to survive. Capitalist economists are uninterested in the survival of the poor, they are only interested in the comfort of the comfortable, so they measure toys along with food as if they’re equally important.