Quote:
Originally Posted by wig
You're wrong. Look to the far right of the table and it shows the year over year rate of inflation in the Consumer Price Index (CPI).
Not only has inflation in the last two years been lower than the average of about 3.2%/year since 1913, we experienced deflation in 2009 (-0.4%). 2010 was +1.6%.
2011 is likely to be higher still, but Vendzilla said it had doubled which is simply wrong by orders of magnitude.
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LOL
I am wrong about what???? I posted numbers from the EXACT same chart you did.
It is call reading things differently, and KNOWING what you are reading.
YES in 2009 it was -.4 and if you look at my numbers 2009 was LESS than 2008
2008 - 215.3
2009 - 214.5
I am WRONG about nothing and neither are you. I deal with these numbers every year for raises in payroll. I was just giving a better way for people to see them.
Where i did not know what you were posting was trying to prove Ven wrong on DOUBLING.
NO, the CPI will not double, HA we would not exist if so.