My country's inflation is around 70 percent and our inflation has never been around 3 percent
Our inflation is a helluva lot higher than 3 percent; the government has changed the way it measures inflation and excluded food and fuel costs. There's probably more monkeying around with it that I don't quite grasp, but that's the core of it.
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The Fed's target for inflation is 2% so it's still a little high. Add to that the fact that real inflation is always higher than the published figure. Anyway wages have lagged behind inflation for decades.
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It’s an election year. Both parties will want to rile up their potential voters with overdramatizing every issue and see what sticks to the wall.
The numbers are a lie. Groceries don't triple in price in 4 years with a 3% rate.
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