[fwdude]

Even if inflation dropped to zero, prices would not go back down, they just would stop going up.

I've suspected that, but I really need a good definitional education on "inflation." What is used as the base?

And if deflation is bad, as I've heard, than undoing rampant inflation seems to be impossible. Gas prices being an exception, somehow.

[Starboard]

I really need a good definitional education on “inflation.”

************

The government has tortured the measurement metrics and methodologies so much there is no reliable number that you can use. Obfuscation is the name of the game to keep the masses from realizing that their purchasing power is rapidly diminishing and their standard of living is declining.

If they say inflation is 7% you might want to make your own adjustment of say...50% or more to get closer to the real number.

Got to pacify the sheeple don’t you know.

[cgbg]

“I’ve suspected that, but I really need a good definitional education on “inflation.””

Everyone uses the term to mean different things.

What you can do is look at your personal inflation.

Look at all of the bills you paid a year ago and compare them to similar bills you pay today.

That will give you a nice sampling of what is happening in your world.