The US economy is doing well. President Biden wants to know why so many Americans are still feeling bad | CNN Politics
www.cnn.com
By many metrics, the US economy is humming along. The jobs market is robust; consumers are spending again; and inflation has eased to a three-year low.
  • jordanlund@lemmy.worldM
    0·
    8 months ago

    Because prices are still jacked up from inflation? Seems like they go up but never come back down?

    Gee, ya think?

    • Maggoty@lemmy.world
      0·
      8 months ago

      The article makes a misleading statement about inflation right off the bat. That it’s at a three year low and that’s a sign of good things.

      But inflation doesn’t work like that. This just means prices are increasing at a slower rate. Not that prices have gone down.

      • crypticthree@lemmy.world
        0·
        8 months ago

        Also inflation is not a measure of the cost of living. CPI is ostensibly a measure of cost of living but it’s not particularly good at that either

        • mommykink@lemmy.world
          01·
          8 months ago

          CPI is fine when it isn’t manipulated to hell like the government does to make things seem better than they actually are.