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When you think of inflation as cumulative, these kinds of statements lose their power.
Who cares if the rate drops back down? Everyone still lost that 3.5% from their purchasing power and they won’t get it back.
When you think of inflation as cumulative, these kinds of statements lose their power.
Who cares if the rate drops back down? Everyone still lost that 3.5% from their purchasing power and they won’t get it back.