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You can measure it yourself.
Example:
If there's a 4% annual inflation rate then something that cost a dollar will cost $1.04 next year and $1.17 after 4 years.
If there's a 19% annual inflation rate then something that cost a dollar will cost $1.19 next year and $2.01 after 4 years.
Which of these inflation rates better corresponds to the prices you're seeing at the store?
You're complerely rigyht. Inflation is much worse than what the government and media would like to admit. The entire way that the government collects, manipulates and reports inflation figures is fraudulent and intended to mislead.
ReplyDelete-swj