I don't know why we shouldn't accept those numbers. I know lots of people like to lean into conspiracy theories about how inflation numbers are all faked, but they have yet to provide a credible alternative. There are a number of inflation measures provided by a number of different institutions who are all saying the same thing. Inflation in general has fallen.
But either way, there is good reason for looking at measures that include all of these items, and measures that exclude them. Paul Krugman isn't saying that volatile items aren't part of a typical consumer basket. He is merely focusing on "core" inflation.
But all of this doomed is propping up this idea that things are horrible now compared to 2016. Things are more difficult sure, but they weren't easy during Trump years either. Things aren't horrible, and they are generally getting better. Like the last time we had a big debate over this, things like egg prices were a temporary blip and have significantly come down since.
Yes, there are significant issues, but I think people should stop being so dismissive. The Fed isn't lowering rates, nobody said the battle is over, but progress has been made.
Yeah? Then why are you cutting out Zillow's graph for the 2023 year?
So who's lying? Zillow or BLS? Or maybe, different data sets tell different things and you need to put in a little more legwork to figure out what they're telling you.
Probably because Shelter is a lagging indicator, and consumers are locked into long-term contracts.
Or did my parents' mortgage suddnely change by 20-30% in the last 5 years? Of course not, they locked it in years ago. Just like rent and lease agreements are locked in on a 6month-2 year basis.
Think people think. Don't just take either headline for granted. It's always either the sky falling, or inflation is going to destroy America. Lol
