(C) Daily Kos
This story was originally published by Daily Kos and is unaltered.
. . . . . . . . . .



Help Me Understand "Soaring Inflation" [1]

['This Content Is Not Subject To Review Daily Kos Staff Prior To Publication.', 'Backgroundurl Avatar_Large', 'Nickname', 'Joined', 'Created_At', 'Story Count', 'N_Stories', 'Comment Count', 'N_Comments', 'Popular Tags']

Date: 2022-09-14

CONFUSED

I have reviewed data on inflation. According to this data:

Inflation rate

June 2022 = 9.1%

July, 2022= 8.5%

August 2022= 8.3%

So, why do newspapers say, “Terrible Inflation news”, “Soaring Inflation”, “Inflation through the roof” in August, awful news for Biden?

And why did the stock market get its jockey shorts in uproar?

Could any of you help me? Am I very ignorant of how economics work? If I am, please enlighten me.

I am able to accept reality, I am able to learn. One of the things I love about DK, is that you all have taught me a lot. As a scientist, I am thirsty for knowledge, not just in my field.

So, this inflation thing keeps nagging me.

[END]
---
[1] Url: https://www.dailykos.com/stories/2022/9/14/2122830/-Help-Me-Understand-Soaring-Inflation

Published and (C) by Daily Kos
Content appears here under this condition or license: Site content may be used for any purpose without permission unless otherwise specified.

via Magical.Fish Gopher News Feeds:
gopher://magical.fish/1/feeds/news/dailykos/