from Hacker News

Local price changes aren't inflation

by rhyswallace on 3/23/21, 9:36 AM with 2 comments

  • by rhyswallace on 3/23/21, 9:38 AM

    Tried to post the original piece's title. Appears HN removes the "Your" from the title upon posting?
  • by cyanydeez on 3/24/21, 12:50 AM

    inflation is empirically defined as a change in price of a basket of goods.

    theres no intrinisic locality in this, so it doesnt matter what scale its applied at.