Also zeppo@lemmy.world. Not a lot of Zeppos out here.

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Joined 3 years ago
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Cake day: June 18th, 2023

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  • Zeppo@sh.itjust.workstome_irl@lemmy.worldMe_irl
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    22 days ago

    I get what you’re saying, but it’s a fact that official inflation numbers are based on the consumer price index, which is about retail prices. Of course that affects business’ bottom line and profitability? Not giving a fuck about consumers being happy is one thing but that’s not the point when it’s about companies making money. They have to sell it to a consumer to make money in the end.

    https://www.federalreserve.gov/faqs/economy_14419.htm

    This states they pay attention to multiple measures of costs for individuals as well as producers.


  • Zeppo@sh.itjust.workstome_irl@lemmy.worldMe_irl
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    22 days ago

    That’s the entire concept, though? Inflation is the increase in the price of goods and services, so if they don’t care about it, they picked the wrong profession. Taking note of it doesn’t necessarily mean they care about the wellbeing of the average person. It affects spending and the profitability and whatever else of corporations and therefore the wealthy overlords.