What are you going off? CPI? For thousands of years gold has been the benchmark of currencies. For example you can read the Code of Hammurabi from Ancient Babylon where they used gold and silver as their currency, and then convert the figures mentioned in their laws. You'd be surprised by how invariant everything seems. https://justine.lol/inflation/ CPI isn't a trustworthy indicator. The government can't tell the truth about inflation because retirees all own TIPS so the government would have to pay them obscene amounts of money if the official numbers went up, which it can't afford, because the whole reason the government is debasing the currency in the first place is to pay for all the other benefits it gives to retirees.
39% just doesn't pass basic muster. in the past year, my rent hasn't near-doubled. it doesn't cost anywhere near twice as much as last year to buy food or clothing or transportation. 39% inflation over the past year would mean the economy is rapidly shrinking in real terms.
jart|1 month ago
leogao|1 month ago