Birdwatch Note Rating
2024-11-09 00:14:41 UTC - HELPFUL
Rated by Participant: 9941E88C031D702D1C4317FD6713A4A2EB1E091FCD299EE13EA9F9C8531AC867
Participant Details
Original Note:
NNN, proposed note just confirms what OP is stating. Inflation is at or near its historic averages. For cost of goods to decrease, that would require significant deflation--which has actually occured in some consumer categories, but is much rarer. https://www.bankrate.com/banking/federal-reserve/latest-inflation-statistics/#:~:text=Key%20takeaways,last%20seen%20in%20February%202021. https://www.cnbc.com/2024/10/11/deflation-inflation-cpi-september-2024-in-one-chart.html#:~:text=Deflation%20has%20occurred%20in%20segments,don%27t%20typically%20reduce%20prices.
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