Except people are getting fewer goods and services while paying more money. For some, they’re already at starvation wages even when working full-time and they have to dip deeply into credit just to survive.
They are increasing at the same rate for everyone it’s that a 2x increase in the cost of gas or eggs isn’t as big when you are wealthy enough to be able to comfortably absorb that increase
You’re not wrong there, but just to provide a more accurate number for what’s currently happening, inflation of the cost of groceries was 11% from 2021 to 2022. It is expected to continue to be high throughout this year with an estimate between 5-10%.
Except people are getting fewer goods and services while paying more money. For some, they’re already at starvation wages even when working full-time and they have to dip deeply into credit just to survive.
That’s inflation and everyone is paying more for the same goods.
Yet costs for the masses are increasing beyond the official inflation numbers.
They are increasing at the same rate for everyone it’s that a 2x increase in the cost of gas or eggs isn’t as big when you are wealthy enough to be able to comfortably absorb that increase
You’re not wrong there, but just to provide a more accurate number for what’s currently happening, inflation of the cost of groceries was 11% from 2021 to 2022. It is expected to continue to be high throughout this year with an estimate between 5-10%.
https://www.gao.gov/blog/sticker-shock-grocery-store-inflation-wasnt-only-reason-food-prices-increased