Personal Finance

3739 readers

1 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 1 year ago

MODERATORS

WandererLagomorph799@lemmy.ml

nieceandtows@programming.dev

nieceandtows@lemmy.ml

Inflation is higher than they would like you to believe. (monero.town)

submitted 3 months ago by shortwavesurfer@monero.town to c/personalfinance@lemmy.ml

18 comments fedilink hide all child comments

The US government is telling everybody that inflation is 3.4% per year. That is not correct. Try 14.2% and that's about right. Source : gold/usd 1 year simple moving average.

you are viewing a single comment's thread
view the rest of the comments

[–] deegeese@sopuli.xyz 1 points 3 months ago (1 children)

I’ll accept without evidence that real inflation feels a lot higher than 3.4%, but proposing short term shifts in the price of gold, or any other single commodity as a better metric is just nuts.

[–] shortwavesurfer@monero.town -1 points 3 months ago* (last edited 3 months ago) (1 children)

Well, shadow stats agrees with me. According to the way they measured inflation in the 1980s, we are about 12%. So even if my estimate was wrong, it's not off by far.

And the way they measured back then included things such as, oh, I don't know, food and energy, which are two things everybody just happens to need.

[–] toasteecup@lemmy.world 1 points 3 months ago

shadow stats

Bruh.