Inflation rate confusion.

[Woodznutz]

Is the inflation rate based on the posted prices for certain products, or what people are actually spending? Very confusing. When prices for certain things go too high, I just don't buy them.

 

[Harpy Eagle]

Inflation and its Measurement | Explainer | Education

This series provides short, concise explanations for various economics topics.

www.rba.gov.au

 

[Indeependent]

Is the inflation rate based on the posted prices for certain products, or what people are actually spending? Very confusing. When prices for certain things go too high, I just don't buy them.

Let's put it this way...If you can't afford it, you ain't buying it.

 

[Woodznutz]

Let's put it this way...If you can't afford it, you ain't buying it.

Or you are making a statement.