this post was submitted on 19 Sep 2023
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chapotraphouse
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This graph shows 3% average annual inflation over the last 40 years.
Not great, not terrible.
40 years? The part I posted is showing about 10 years. Where the last three have far far exceeded normal target inflation. Sure, it could be worse. But this is still shit.
I was going off of the info at the top of the graph: "Aug 2023: 306.269 | Index 1982-1984=100" So yeah, ~3% for 40 years is about right. Last three years are way higher though, so the average is not a good indicator of recent inflation. Last 3 years is probably around 6% per year, which is pretty bad.
Bro. It shows a 25% increase in 3 years.
I think it's a little lower, between 17-19%. Average hourly wage has increased about 10% during that time period. Couldn't find median which would show an bleaker picture. Not to mention the general problems with CPI.
Yeah, it misses a lot of cases because average is gonna flatten a lot.
Like I had a run of good raises where I ended up making out well above that 10% increase in pay due to changing jobs, but at the same time average rent doubled, food prices went up 25% on average, and the fact that per squarefoot rentals have gone down added storage costs to my life because everytime we have to move we're paying more for less space.
stupidest possible takeaway from this data lol, impressive
Death to America
Replying with a more stupid take at least proves mine wasn't the stupidest possible.