Yann LeCun (@ylecun) “I'm not sure how this "cumulative inflation" curve is computed, but regardless,” — TopicDigg

I'm not sure how this "cumulative inflation" curve is computed, but regardless, the relevant curve is the Consumer Price Index (CPI). Inflation is merely the annualized percentage increase of CPI. Below is the CPI over the last 10 years. As you can see, the slope (i.e. inflation) is higher in 2021 (this is the effect of perturbed supply chains with Covid: fewer things produced + same demand -> prices increase), and comes down from the middle of 2022 to now. Now inflation is bad when wages do not increase at the same rate. This causes the purchasing power and standards of living to decrease. But average wages have actually grown *faster* than CPI in recent years. People have *better purchasing power* now on average than they had in January 2020, when Biden was inaugurated. Since January 2020, the CPI has increased 22% (314.8/257.971 = 1.220) while average hourly wages have increased 26.6% (30.27/23.91 = 1.266) Sources: Original data from the Bureau of Labor Statistics. PS: it's really funny that some people on this thread seriously believe that I don't understand derivatives 😂