IIRC inflation is the devaluation of the dollar and the laymen “inflation” people commonly talk about is the CPI, which is the actual price of goods and services (I.E. this is what you are actually paying, rather than how much power the dollar has overall). I could be wrong but it is an important distinction because it tells us exactly how F*ed we’re getting by companies and corporations.
In economics, inflation is an increase in the general price level of goods and services in an economy.
The common measure of inflation is the inflation rate, the annualized percentage change in a general price index. As prices faced by households do not all increase at the same rate, the consumer price index (CPI) is often used for this purpose.
So basically, inflation is annualized CPI. The corporations haven’t gotten more greedy; inflation has gone up.
[What follows is my opinion and not fact]
And the way we calculate CPI includes a bunch of stuff we don’t actually need and have gotten cheaper, like electronics. If it was just essentials like food and health care, then the official numbers would look much worse.
The one on the right is standing in front of a building that just ends with a straight vertical line. I think it looks like one pic at first because the colors are all so light that it kind of blends together.
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