PSA: inflation is not “down.”

July 2023 CPI was 3.2%.

But in July 2022, prices were up 9.1% vs July 2021.

And in July 2021, prices were up 5.4% vs July 2020.

The *rate* of YoY price increases has gone down slightly.

But your purchasing power keeps going down year after year.

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One very important detail that is often forgotten about: Inflation compounds.

I only have memory of the past 14 days. Inflation is down.

Merci pour les types de thématiques que vous mettez en notes dans nostr, ai espoir qu'elles puissent des brainstormings dans cet espace de communautés participatives 🙏🫂🗽

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