How can inflation be only a few percentage points and yet many goods and services are up over 50% since 2019?
In: 187
As has been pointed out, the metric considers many types of goods, some of which have not increased much in price, if at all.
In addition, depending on which metric you’re looking at, the prices of food and energy and/or the outliers that have increased the most may be excluded. (https://www.investopedia.com/terms/c/coreinflation.asp)
“But doesn’t that make for a misleading metric that doesn’t correspond to the lived experience of the average person?” Yep. Now you’re starting to understand.
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