Oil has an outsized impact on how inflation is measured, so prices not growing faster than inflation when oil prices are high still leaves lots of room for them to grow rapidly. As well as that, for most people, things going up in price is already a problem whether or not inflation is higher, especially when inflation’s so far above the target rate of 2%. If it was just a short blip of inflation being above 2%, then it wouldn’t be so bad, but because it was really high for a while, lots of people already burned through any buffer they had.
Even in absolute terms I don’t really see much difference in things I buy. Mortgage is much more than everything else combined and its a fair bit lower than it was 3 years ago in absolute and relative to inflation value.
The only stuff I kinda want that is going way up is stuff like GPUs or memory. Which let’s be honest, you can live without just fine.
Oil has an outsized impact on how inflation is measured, so prices not growing faster than inflation when oil prices are high still leaves lots of room for them to grow rapidly. As well as that, for most people, things going up in price is already a problem whether or not inflation is higher, especially when inflation’s so far above the target rate of 2%. If it was just a short blip of inflation being above 2%, then it wouldn’t be so bad, but because it was really high for a while, lots of people already burned through any buffer they had.
Even in absolute terms I don’t really see much difference in things I buy. Mortgage is much more than everything else combined and its a fair bit lower than it was 3 years ago in absolute and relative to inflation value.
The only stuff I kinda want that is going way up is stuff like GPUs or memory. Which let’s be honest, you can live without just fine.
Yeah what modern person needs a computer anyway?
Exactly. Its clearly a luxury that you can manage without or getting a cheaper lower spec one
Like stoves, right? Just use the microwave
Huh? No, loads of people don’t even own PCs anymore.
GPUs and memory go in things that aren’t PCs, too.