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Economy

peppertree

(22,850 posts)

4. Well said.

Reply to SWBTATTReg (Reply #2)

Wed Jan 12, 2022, 01:13 PM

Jan 2022

They should try living in Argentina for a while, with their 50% inflation.

I myself lived there when it reached 700% (i.e. prices rise 8-fold in a year). A lot of fond memories - but going into the stores, you basically just guessed what the prices might be.

That's high inflation.

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U.S. inflation soared 7% in past year, the most since 1982 [View all] peppertree Jan 2022 OP

And who was president in 1982? Patterson Jan 2022 #1

Well... peppertree Jan 2022 #3

I loved the hyperventilation here 'SOARED', a whole whopping 7%. Sure it's not good, SWBTATTReg Jan 2022 #2

Well said. peppertree Jan 2022 #4

Thank you. You are absolutely right in pointing this out (the hyper-inflation) that are in some... SWBTATTReg Jan 2022 #6

Absolutely. Real growth, even w/ some inflation, is always preferable to stagnant living standards peppertree Jan 2022 #7

Yeah, real gdp is up 5-6% for 2021 -- that's *after* adjusting for inflation unblock Jan 2022 #5

Hear, hear peppertree Jan 2022 #8

Average real (inflation-adjusted) earnings of production and non-supervisory workers progree Jan 2022 #9