Right, but it’s not all of it. Inflation includes a ton of things that don’t affect people in the same capacity Last year inflation was like 7% but grocery prices were up 30%. Housing also far exceeded that, too
No one thing is all of it because people don’t buy Only One Thing. Food prices did rise a lot, but people don’t buy only food. So the overall cost of living didn’t rise nearly so much.
Right. But people buy a lot more of One Thing than the Other Thing so when the One Thing is 30% more expensive and the Other Thing is down in price, the average of the two doesn’t tell the whole story
My expenses are mostly food and housing and I know for millions of people, it’s ONLY food and housing.
Right, but it’s not all of it. Inflation includes a ton of things that don’t affect people in the same capacity Last year inflation was like 7% but grocery prices were up 30%. Housing also far exceeded that, too
No one thing is all of it because people don’t buy Only One Thing. Food prices did rise a lot, but people don’t buy only food. So the overall cost of living didn’t rise nearly so much.
Right. But people buy a lot more of One Thing than the Other Thing so when the One Thing is 30% more expensive and the Other Thing is down in price, the average of the two doesn’t tell the whole story
My expenses are mostly food and housing and I know for millions of people, it’s ONLY food and housing.