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thisoneisnotasbad t1_iuj0202 wrote

Reply to comment by murrly in Accurate by seanner_vt2

What about units with heat or hot water included. Inflation does not include energy prices.

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murrly t1_iuj66it wrote

Idk, not an economist. Wasn't say yea or nay. Just curious to see what people who support rent control and minimum wage increases have to say on the matter. I also believe inflation is normally set by lots of factors, energy being one of them.

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thisoneisnotasbad t1_iuj760m wrote

It’s not but I think tying rent to inflation is a bad idea.

>”Key Takeaways. Core inflation is the change in the costs of goods and services but does not include those from the food and energy sectors. Food and energy prices are exempt from this calculation because their prices can be too volatile or fluctuate wildly.“

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mountainofclay t1_iujpxod wrote

Right. The energy and food sectors are exempt when figuring the National inflation rate. Funny how those industries are excluded. Petroleum and industrial agribusiness. Who needs gas and food anyway, sheesh!

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Electrical-Bed8577 t1_iujzjt1 wrote

We are now at high global inflation largely due to energy costs. Also infrastructure failures with minimal to no maintenance over 40 years. Also, globalizing commerce to the extent that our nation's farms and ranches are decimated. (Soy, China, Tariffs. Corporate farms and real estate. etc and etc.) When we're not watching what politicians are up to, theyre changing laws to benefit cronies vs constituents. Don't get me started (too late!). https://www.weforum.org/agenda/2022/09/inflation-rising-food-energy-prices-economy/

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