JUST IN | Inflation hits new 13-year high

[rietrot]

no, inflation is the measurement of an increase in general prices

Fixed.

 

[surface]

As usual, what luxury shyte are you buying when you figure this out...

R20k for 15 people for a week is stupidly easy, and the stuff would all be very good.

He probably has Gucci bread, Louis Vuitton chicken and so on ? I mean you are a poor guy but he could be rolling in money.

 

[saturnz]

Fixed.

you will always be wrong on this issue, as taken from a masters thesis quoting a FED banker, emphasis added

The current understanding of the word inflation is contrasted with its earlier meanings by Bryan,
who states that “[f]or many years, the word inflation was not a statement about prices but a
condition of paper money – a specific description of a monetary policy. Today, inflation is
synonymous with a rise in prices, and its connection to money is often overlooked” (Bryan, 1997:
1). Bryan also states that “[w]hat was once a word that described a monetary cause now
describes a price outcome. This shift in meaning has complicated the position of anti-inflation
advocates. As a condition of the money stock, an inflating currency has but one origin – the
central bank – and one solution – a less expansive money growth rate. But as a condition of the
price level, which may have originated from a variety of things … the solution to – and the
prudence of – eliminating inflation is much less clear” (Bryan, 1997: 1).

 

[rietrot]

you will always be wrong on this issue, as taken from a masters thesis quoting a FED banker, emphasis added

If you are going to appeal to authority then you can't disagree with the "official definition" which is: The increase of prices of a select basket of goods as measured by StatsSA.

So now even though we mostly agree, you argued yourself into a corner.

 

[saturnz]

If you are going to appeal to authority then you can't disagree with the "official definition" which is: The increase of prices of a select basket of goods as measured by StatsSA.

So now even though we mostly agree, you argued yourself into a corner.

LOL, thats an attempt to measure the effect of inflation, it is not inflation, but you do you

edit: you would do well to read the entire paper, the author makes the assertion that CPI is in effect fictitious

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repository.up.ac.za

 

[noxibox]

Sadly many within the government. Yet I mean you look at other countries with repo rates in the low region and their inflation isn't so bad. Than you look at Zimbabwe where the repo rate is 16 to 41%... Yup definitely helps inflation

But its actually still mostly a universal belief, so the South African government is just following the general trend. They and other governments have even sometimes admitted it doesn't have any direct impact, but they all still believe in the inflation expectation myth.

 

[Lupus]

But its actually still mostly a universal belief, so the South African government is just following the general trend. They and other governments have even sometimes admitted it doesn't have any direct impact, but they all still believe in the inflation expectation myth.

It's rather silly, there is a partial nugget of truth in it, but a partial nugget.

 

[rietrot]

LOL, thats an attempt to measure the effect of inflation, it is not inflation, but you do you

Inflation is not "something" in and of itself. It is a just a measurement metric.

Language evolve, the argument that Inflation used to mean something different back in the 1600s isn't valid.

 

[saturnz]

Inflation is not "something" in and of itself. It is a just a measurement metric.

Language evolve, the argument that Inflation used to mean something different back in the 1600s isn't valid.

language evolving through government intervention is propaganda

so believe statssa, see how far that will get you

 

[ProfA]

My municipal account (excl prepaid water and electricity) has gone up by 11.4%. Of course inflation is going to be high considering that even government taxes have increased by more than inflation.

 

[rietrot]

But its actually still mostly a universal belief, so the South African government is just following the general trend. They and other governments have even sometimes admitted it doesn't have any direct impact, but they all still believe in the inflation expectation myth.

Interest rates control lending levels which controls money supply. Higher rates = less lending = less money in circulation = less disposable income = less spending = less inflation. And it's the only real tool the reserve bank have if you are of the option that they need to smooth out economic cycles to make the crashes less severe.

 

[rietrot]

language evolving through government intervention is propaganda

so believe statssa, see how far that will get you

Uhm. I don't believe them. The basket is silly.

 

[Wut]

Oh really? Netherlands inflation rate is 3.22%

Core Inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes some volatile price items.

And that stands at 4.9%

That's quite a difference. So what was the 3.22% you stated?

 

[saturnz]

Uhm. I don't believe them. The basket is silly.

and thus their definition is silly...

 

[Pegasus]

Governments keep moving the goal posts ito how inflation is calculated. For instance, official CPI in the USA is around 9%, John Williams' Shadow Stats, using the same method used by their government, has it at around 13%.

Using the same method used in 1980, current USA CPI is around 18%. I have no reason to believe any other government would not lie and deceive their citizens.

Alternate Inflation Charts

www.shadowstats.com

Go dig in your cupboard and find your economics textbook.

Check in the section about inflation, and how goods and services change over the years. Where they explain that what people spent money on in 1980 is not what they spend now. So they change the basket of goods every few years and rebase the index.

And then also check where they get these prices from that they use for these calculations.

 

[ToxicBunny]

He probably has Gucci bread, Louis Vuitton chicken and so on ? I mean you are a poor guy but he could be rolling in money.

He really needs to decide if he's poor or rich though, since he owns multiple companies, has investments all over the world etc...

 

[ToxicBunny]

Roast lamb EVERY day at that budget. All 15 people will eat like royalty.

Straight up... Lekker big carnivore braai every night and full english breakfasts and and and... with ease.

 

[ajax]

Fuel, groceries and electricity. Waaay over 7.8%

 

[Sinbad]

language evolving through government intervention is propaganda

so believe statssa, see how far that will get you

All the way from Cape Town to joburg and back with the aircon on?

 

[surface]

He really needs to decide if he's poor or rich though, since he owns multiple companies, has investments all over the world etc...

Oh is it? Looks like too many cosmik's on this forum. Strange.