/biz/ - Business & Finance

Anonymous Thu Jun 9 01:19:10 2022 No.49469649 [View]
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Wait a minute, if inflation is 2% next year (on year), that means that Fred has done his job?
2021 inflation: 2%
2022 inflation: 10%
2023 inflation: 12% (2%+10%)
2021 price of container of widgets: $10,000
2022 price of container of widgets: $11,000
2023 price of container of widgets: $11,220
Shouldn't Fred be aiming to bring inflation down to -8% so that the price of widgets go down to $10,404 (10,000 * 1.02 * 1.02)??

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