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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (766785)

1/30/2014 1:30:55 AM

From: SilentZ

Read Replies (1) | Respond to of 1576323


inflation at 1.2% ??? It's arbitrary. The books are cooked on that number, but they have been for several decades. Apples to apples, though, that 1.2% percent is basically right when compared to the baseline of modern American history. You have a better stat? -Z

To: Broken_Clock who wrote (766785)	1/30/2014 11:47:24 AM
From: combjelly	Read Replies (2) \| Respond to of 1576323

That is the official figure. It excludes food and energy costs for a number of reasons. One reason is that forces other than pure economics makes them volatile. Now, due to climate change, it very well be that droughts and other natural disasters are going to put limits on what agriculture can produce. So it might make sense to put food in the official figures. Fuel costs are affected by world events, like what is happening in the ME. It may be that when fusion gets off the ground, which seems likely for the near term, then eventually energy costs will be decoupled from events in nasty little dictatorships around the world... Regardless, even if you introduce those volatile commodities, inflation is still very low. Nowhere near a hyper-inflation scenario. Not even close. Not even on the road to one.