Comment by hibikir
4 months ago
Inflation is an average of many things. Computer components have a huge spike in demand with insufficient increase in supply, which is going to lag for years, so we might as well be buying at auction. It's not a price that flows through the entire economy, like the price of oil.
So yes, inflation on average is nowhere near as high as in RAM prices.
You really believe food, gas and house prices are not increasing at the same amount?
Some day we will look back and think about how dumb we were to allow them to lie to us about what inflation really is
> You really believe food, gas and house prices are not increasing at the same amount?
No, I don't think food, gas, and house prices, have 5x'd in price like RAM has. This is abundantly obvious.
> Inflation is an average of many things
What other things have been getting cheaper in the last ~2 years?
And as it's an average of many things, it's quite easy to change which 'things' it is calculated upon to show whatever number is more convenient politically.
Turns out, BLS actually lists this stuff when they release CPI figures.
Used cars & trucks; butter; cheese; flour; chicken; textbooks; drugs are all down since ~2 years ago. Not an exhaustive list!
https://www.bls.gov/news.release/cpi.htm
Eggs. That was the last omg inflation is crazy story and now they're about as cheap as they've ever been.
What doesn't inflation consider though? Government numbers on inflation make no sense to average folks.