The private sector lost 33,000 jobs in June, badly missing expectations for a 100,000 increase, ADP

Gatorjo, g8tas, and wardamn( who can’t even differentiate UF from Auburn) give me “Cone on man’s). That is a good day!!!

 

Basic math?

 

And you think those 2 things are different? The inflation rate is just a quantification of inflation. It's crazy the things folks will argue about here.

 

Seniors yelling at clouds.

 

Not as crazy as when people who are wrong continue yo perpetuate a false claim. By your illogic, MPH is the same thing as miles. Wind speed is the same as wind.

 

MPH is not the same as miles. MPH is a measurement of velocity. Wind speed is a measurement of wind. Inflation rate is a measurement of inflation.

So tell us how the inflation rate is different than inflation.

 

Did you have a point, or just wanted to start a pissing match over a something completely inane and irrelevant?

That poster correctly asserted that for prices to go down in broad terms you’d need deflation. That is true whether we are discussing the inflation rate, or whatever the hell distinction you are trying to make. Inflation is one of those things we pretty much *always* refer to in rates. Why? Because it’s comparing a “basket of goods” vs a “basket of goods” and calculating the difference. The price of this basket of goods on its own has no real meaning to anyone so it would seem odd to express it in “price”. It only has meaning as a data collection methodology (to maintain consistency) for the express purposes of determining a broad inflation rate (I.e change in prices across time periods).

To be fair, I do think calling it transitory inflation implied that prices would come back down, not that it would settle at 2% or 3%. We did see that with plenty of different commodities where shortages were occurring for easily identifiable reasons, individual prices spiked for a time then came down (I.e. transitory). But rubes aren’t interested in any of that economic nuance or how inflation is actually calculated, they just see Chili’s baby back ribs went from $15 to $25 and that defines it for them.

 

So much continued horsecrap from you two. If what you are spewing was true, then inflation would be inflation would be inflation. 10% inflation would be no different than 2%. Well as in many things the rate is different than the event or condition itself. Inflation is one of those things.

I’ll make you a deal; if the people who have and are erroneously claiming that inflation and inflation rate are the same will admit that they were/are wrong, then I will stop pissing on them.

 

I think I see the problem here. You seem to think inflation means 'high' inflation when in fact inflation means any inflation. 2% inflation is still inflation. 10% inflation is still inflation. The way we distinguish them is the rate (the 2 or the 10).

But since you think inflation means high inflation, was is the cutoff? At what rate do we shift from no inflation to inflation? I know the answer to this but I want to hear your answer.