/biz/ - Business & Finance

Anonymous Wed Aug 24 11:13:40 2022 No.51071602 [View]
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>Crate of Hotdog (2020): $100
>Crate of Hotdogs (2021): $110 (10% inflation)
>Crate of Hotdogs (2022): $128 (10%+7% inflation)
If FRED gets 2% inflation in 2023 a crate of hotdogs would be $130 ($128 + 7%) and they would say that they've done their job.
Why isn't FRED bringing inflation to -22% so that we have hotdogs at $106 instead ($100 + 2% +2% +2%)?

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