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There’s no inflation if you ignore the figures. Therefore, there’s no president if you ignore the president.
Bingo!
I mean inflation itself as a formula has been constantly tinkered with to make it look nicer, excluding extreme changes (unless they beneficially contribute to under-representing the actual inflation).
For example, inflation was supposed to be on average 4-5% YoY for the past ~5 years here in the UK, yet somehow everything that matters - food, bills, rent, etc. - went up by 50-70% if not more in that period.
I mean 5% inflation is a pretty high rate. At 5% YoY you'd have prices up ~30% in 5 years.
If that rate is uneven (lower/higher across different segments of the purchasing basket) you could get towards 50% inflation in some areas.
I said average - and that average was offset by the fact that during COVID (which does fall into the "past 5 years" period), inflation was pretty high "on paper" at 12% (at the time it felt much closer to 30-40%).
Recent years had "okay" inflation of 2-4%.
Oh yeah, I understand. I was just pointing out that compounding interest (even just on a yearly basis) adds up quick.
This is kind of weirdly true since so much about the economy is based on sentiment. Inflation is obviously real, but purchasing power is pretty nebulous.
But obviously ignoring it entirely is not even close to sustainable.
There are no cases if you stop testing! /s
Well duh it's because there's no inflation!
/s
Pfft. No need for numbers. Trump has lowered inflation by 17000%. He is a god and a genius. Oh, and a pedophile.
Because the numbers are through the roof. And he's called all major retailers to make sure they aren't releasing their sales reports either. Top retailers are in full panic. Christmas sales are historically low.
The most transparent presidency ever!