The damage from inflation does not go away, it is cumulative. Only deflation counters inflation.

[Richard-H]

Don't you worry, just keep wearing your mask....dumbass.

View attachment 581546

Which part of my statement do you deny?

1. Trump started a trade war with China
2. China developed Covid-19 and spread it throughout the world, causing a pandemic
3. The pandemic caused a world-wide economic shutdown
4. The pandemic caused major disruptions in the supply chain
5. 3 & 4 above are causing massive inflation.

 

[ColonelAngus]

If Biden stays in office 4 years, and his inflation numbers are 7%, 10%, 8%, and 5%...is that GOOD?

1.07*1.10*1.08*1.05=1.33

In other words, inflation was 33% over those 4 years.

That seems bad to me.

 

[Richard-H]

If Biden stays in office 4 years, and his inflation numbers are 7%, 10%, 8%, and 5%...is that GOOD?

1.07*1.10*1.08*1.05=1.33

In other words, inflation was 33% over those 4 years.

That seems bad to me.

The term 'Inflation' refers to the 'rate of inflation' at any one time, not the cumulative increase in prices over time.

I'm not saying that your analysis isn't concerning, but I'm willing to bet that you never applied that method when Republicans are in office.