this post was submitted on 27 Sep 2023
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Today I Learned

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Upon inception it was set at $0.25. It is now $7.25.

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[–] WhatAmLemmy@lemmy.world 54 points 1 year ago* (last edited 1 year ago) (1 children)

This is if you actually believe CPI is a legitimate measure, despite the cost of all the big ticket expenses like housing, education, and healthcare increasing 5x or more above inflation.

[–] Random_user@lemmy.world 10 points 1 year ago (1 children)

That's why they're conveniently not part of the inflation equation.

[–] JossyBop@lemmy.world 3 points 1 year ago

That's true, though I can't say for the US, in the UK, inflation is still ridiculously calculated. Jack Monroe went on a mini crusade about it, because staples like pasta and rice weren't included, but champagne was.