That may be the increase but the prices have already done their damage and are holding strong. Incomes have not gone up accordingly causing many to have economic problems. Iâm sorry if this is over your head but if you take the Brandonite blinders off, it will help you see the reality around you.
Your metric is flawed. Inflation is not âdownâ, itâs rising more slowly. The river reached flood stage long ago, that it is rising more slowly is no solace at all to those already drowning.
Oh this misunderstanding again. Inflation is by definition an increase in prices. By definition it is down when the inflation rate lowers from the previous rate. Thatâs just the actual definition. If you want prices to actually go down, then weâre talking deflation. But the poster didnât say we now have deflation. He said inflation is down. Which is correct.
Overall wage growth hasnât kept up with inflation these past few years, but that trend has now flipped. Wage growth is now more than inflation year on year. Which is good news. It will take time to make up for the previous increase in prices when wages werenât keeping pace, but wages are now outpacing inflation. That is a fact and it is good news.
When the economy has been adding an average of 270k jobs a month at the same time the Fed is raising interest rates from 0% to 5% and all the analysts predicted job growth would slow this month to 200K and it comes in over 300K and Jan/Feb revised UP another 22k - yes sir. Blow Out.