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.