• Neuromancer@lemm.eeOPM
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    8 months ago

    https://www.usinflationcalculator.com/inflation/current-inflation-rates/

    4.1% over the year. 8 % the prior year 4.7 the year before that.

    The problem is prices are going up faster than wages. As long as inflation outpaces the cost of things, we are not in a strong economy.

    If people were piling on debt just to live and could afford a home, I would agree we have a stronger economy. Right now, I can’t say that with a straight face.