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<p>[QUOTE="mikem2000, post: 2222862, member: 30574"]First part: Of course that is inflation, no one said it wasn't, we were strictly talking about the rate, not the existence, which you believe is much higher than the GOV publishes. Showing a one day rise does nothing at all to show what that rate is. The example you gave represents about an 8% rise, but that is not the rate. From the info you provided the rate cannot be determined. You must know the time frame. You cannot assume an 8 % per year inflation rate, since they might have done that twice that year, or that is the first time in 4 years they changed the package size without changing the price. More info is needed.</p><p><br /></p><p>Also, where do you get yummy TV dinners, the ones I get all taste like crap. Yuk....</p><p><br /></p><p>Second Part: You argued that you cannot measure GDP since we do not know the REAL inflation numbers. I argued that we do know the rate since the GOV numbers are indeed accurate.[/QUOTE]</p><p><br /></p>
[QUOTE="mikem2000, post: 2222862, member: 30574"]First part: Of course that is inflation, no one said it wasn't, we were strictly talking about the rate, not the existence, which you believe is much higher than the GOV publishes. Showing a one day rise does nothing at all to show what that rate is. The example you gave represents about an 8% rise, but that is not the rate. From the info you provided the rate cannot be determined. You must know the time frame. You cannot assume an 8 % per year inflation rate, since they might have done that twice that year, or that is the first time in 4 years they changed the package size without changing the price. More info is needed. Also, where do you get yummy TV dinners, the ones I get all taste like crap. Yuk.... Second Part: You argued that you cannot measure GDP since we do not know the REAL inflation numbers. I argued that we do know the rate since the GOV numbers are indeed accurate.[/QUOTE]
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