Inflation was at 18% in November of 2022 using the old formula. Everybody's instincts were right.. - Upgoat

Inflation was at 18% in November of 2022 using the old formula. Everybody's instincts were right..
submitted by Crackinjokes to news 1.2 yearsApr 13, 2024 20:55:45 ago (+32/-1) (www.forbes.com)
https://www.forbes.com/sites/theapothecary/2024/03/23/summers-inflation-reached-18-in-2022-using-the-governments-previous-formula/

By the way having inflation be at 18% is pretty close to Weimar currency crashing. I mean we're not at wheelbarrows full of cash to buy a potato yet but this is how that starts.

18 comments block

Belfuro 0 points 1.2 years ago

My property developer friend tells me his rentals are no longer covering the costs.

Hard to fill tenancies plus interest rate hikes.

This is what I based my comment upon.
Speculation

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