this post was submitted on 11 Feb 2024
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[–] OldWoodFrame@lemm.ee 21 points 2 years ago (17 children)

$1 in January of 2018 has the same buying power as...$1.24 in December of 2023. "The price of everything" did not increased 100%, it increased 24%.

That also sucks, and you don't have to lie about it to make your point.

https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=1&year1=201801&year2=202312

[–] Quik 2 points 2 years ago

Yeah that 24% may very well be true for the average of "the price of everything", but food is definitely closer to a 100% increase, so especially people with lower income will be closer to experiencing inflation of up to a hundred percent and not "just" 24.

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