16% Inflation
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@George-K said in 16% Inflation:
Yeah, but it’s The Mail, so sod off…
[/@Doctor-Phibes ]
Statistics never lie.
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Are these wrong?
“Cry havoc and let slip the DOGE of war!”
Warning: I post things that interest me. Read and comment at your own discretion.
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@Jolly said in 16% Inflation:
Are these wrong?
I have no idea. Obviously, governments have a habit of re-defining things that make them look bad. Newspapers have a habit of reporting things in a way that make governments they don't like look bad and/or selling newpapers.
I do know that neither the government nor the DM are particularly trustworthy sources.
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@Jolly said in 16% Inflation:
Are these wrong?
Yes. We talked about the “shadow stats” folks in 2008
@jon-nyc said in 16% Inflation:
@Jolly said in 16% Inflation:
Are these wrong?
Yes. We talked about the “shadow stats” folks in 2008
Yes, of course we all remember that discussion from just 14 years ago.
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@Jolly said in 16% Inflation:
IOW, they're right.
Like I said, I honestly have no idea.
They could easily be massaging the massaged statistics.
In the words of Mr. Simon, a man believes what he wants to believe, and disregards the rest.
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It's actually simple. Just take the top 5 most common things you buy and see how much the price has changed. Then see how much the hourly wage has changed at a local store nearby. If those numbers don't align to your desired outcome, keep selecting other products and stores until your opinion is validated. Easy! Sometimes I think I should've been an economist.
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They make up their own index. If you do that you can make inflation whatever you want it to be.
@jon-nyc said in 16% Inflation:
They make up their own index. If you do that you can make inflation whatever you want it to be.
Are they using the same index that was used in 1980?
According to the graph, we’ve been running at high inflation rates the last 40 years and the current increase is only a slight increase and not a nearly 300% increase.
Still, the 16% rate does match the numbers that the Agricultural Board put out the other day…
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Another alternative is to say:
"Blimey, but things are expensive. I reckon inflation is about 20%! Personally, I blame immigration and poofters! The Daily Mail should do an article on this! "
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Yes they use a half century old basket of goods as if consumer behavior is unchanged.
“Don’t make me repeat myself”
- history
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@jon-nyc said in 16% Inflation:
Yes they use a half century old basket of goods as if consumer behavior is unchanged.
It's Daily Mail readers, so it could be accurate.
Brylcreem is really freaking expensive nowadays.
I was only joking
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@jon-nyc said in 16% Inflation:
Yes they use a half century old basket of goods as if consumer behavior is unchanged.
It's Daily Mail readers, so it could be accurate.
Brylcreem is really freaking expensive nowadays.
@Doctor-Phibes said in 16% Inflation:
@jon-nyc said in 16% Inflation:
Yes they use a half century old basket of goods as if consumer behavior is unchanged.
It's Daily Mail readers, so it could be accurate.
Brylcreem is really freaking expensive nowadays.
At least they can read.
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@Doctor-Phibes said in 16% Inflation:
@jon-nyc said in 16% Inflation:
Yes they use a half century old basket of goods as if consumer behavior is unchanged.
It's Daily Mail readers, so it could be accurate.
Brylcreem is really freaking expensive nowadays.
At least they can read.
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I eat at this chicken rice street stall quite often. 70 baht (USD$2) for the plate I am eating.
I was in there today and they had a sign that because of increasing costs, all menu items will go up 5 baht.
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I ate at my favorite Chinese place last night. Yes, it's Chinese American food (chow mein, etc.), but it's owned by a Chinese American family and the food is cooked to order. Plus, it's not expensive.
Most of their entree menu prices were up about $3, except for beef, which was about $4. We're not talking about $30 meals, we're talking $17 meals that are now $20 and over.
