• FuckyWucky [none/use name]@hexbear.net
    link
    fedilink
    English
    arrow-up
    32
    ·
    edit-2
    6 months ago

    Food inflation growth rate has decreased but high food inflation for over a year reduced the purchasing power especially as there wasn’t much growth in wages.

    " Food inflation is a fanum tax on the poor" - Someone

    • HexBroke [any, comrade/them]@hexbear.net
      link
      fedilink
      English
      arrow-up
      8
      ·
      edit-2
      6 months ago

      If the stats are bad, just go down another layer in derivatives.

      Price of food much higher? Well the rate of food price increases might be slower.

      Rate of food price increases much higher? Well, the rate of the rate of price increases is probably fine, that’s not likely to be exponential.

      President Biden delivered for the American people by stopping growth in inflation