Am I actually losing weight?

I've lost a few inches around my waist. (I started out at 37, and now I'm 33)

However, my weight has stayed the same. I think it'd be pushing it to say I've lost three pounds in the last three weeks.

I've been exercising daily, am I actually losing weight or am I kidding myself?
yes, you are losing weight
no, you are not losing weight
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Am I actually losing weight?
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