Hacker News new | ask | show | jobs
by mkii 926 days ago
I'm pretty sure the average Joe would agree with you about the CPI numbers being a complete farce. It used to not matter when it was low. But after covid, when people, largely following the same habits over time, see their grocery receipts go up 15% yet the government quotes 7%, they're not going to forget that for a long time.
1 comments

It's just innumeracy. Grocery prices are up 26% since 2019. The government isn't lying when it says 7% annually.