this post was submitted on 08 Nov 2023
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Futurology

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[–] KevonLooney@lemm.ee 0 points 1 year ago (1 children)

Inflation hasn't been 6-7% for three years. It was only around that level in 2021 and 2022. And no, the BLS is not tracking your individual rent and things you see in the grocery store. They track averages.

People argue about what should be included in CPI, and how accurately it measures inflation. But what you're saying is just wrong, or exaggerated based on your personal experience.

[–] Anticorp@lemmy.ml 1 points 1 year ago* (last edited 1 year ago) (1 children)

Inflation hasn't been 6-7% for three years

2021: 7%

2022: 6.5%

2023: 6%

Source: https://www.investopedia.com/inflation-rate-by-year-7253832

But what you're saying is just wrong, or exaggerated based on your personal experience.

Okay

[–] KevonLooney@lemm.ee 0 points 1 year ago

You missed this:

as of February

So you are looking at an old article that only references the first two months of the year. If you check the actual BLS website, you'll see something very different:

https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category-line-chart.htm

You just went to Google and clicked the first link you saw. That's why I told you to read more.