jesuslover07
New member
@jjddww 10%+ food inflation isn't good, but it's the total CPI that is a measure of the cost of living, and if food inflation grew it means other categories slowed by more, in order that the total CPI growth slowed.
(Other categories of things people actually buy, since the CPI is based on actual purchasing patterns. So if people say their groceries are expensive, they'll be correct but it's still cherry-picking, other things the average person spends on are growing in price more slowly)
It's not surprising that some categories still have high inflation, this will continue to be the case even if we keep getting good news on total inflation. I don't think it detracts much from this being good news.
(Other categories of things people actually buy, since the CPI is based on actual purchasing patterns. So if people say their groceries are expensive, they'll be correct but it's still cherry-picking, other things the average person spends on are growing in price more slowly)
It's not surprising that some categories still have high inflation, this will continue to be the case even if we keep getting good news on total inflation. I don't think it detracts much from this being good news.