StarvingMartist@sh.itjust.works to simpsonsshitposting@sh.itjust.worksEnglish · 2 days agoGo on thensh.itjust.worksimagemessage-square186fedilinkarrow-up11.1Karrow-down125
arrow-up11.07Karrow-down1imageGo on thensh.itjust.worksStarvingMartist@sh.itjust.works to simpsonsshitposting@sh.itjust.worksEnglish · 2 days agomessage-square186fedilink
minus-squarewewbull@feddit.uklinkfedilinkEnglisharrow-up29·2 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-squareGreyEyedGhost@lemmy.calinkfedilinkEnglisharrow-up2·14 hours agoInflation isn’t based on the cost of a single thing. You’re confusing it with stocks.
minus-squareClent@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up21·2 days agoIt’s actually showing 47%. The price is based on pounds which increased from $10.99 to $15.99.
minus-squareTja@programming.devlinkfedilinkEnglisharrow-up15·1 day 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-up7·1 day agoAnd meat prices are factored into a CPI I presume.
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%.
Inflation isn’t based on the cost of a single thing. You’re confusing it with stocks.
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.