Quote:
Originally Posted by fintstone
You are right. I really don't know that you personally buy any food (at home or away from home), gasoline, natural gas, fuel oil, electricity, airline tickets, or anything on credit.
Enjoy your "nice raise."
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Nice to hear you admit there is something you don't know.
For those who want to take the time to "do the math" and don't know how, there is a rather windy guide to how to make the calculations here:
https://www.indeed.com/career-advice/career-development/how-to-calculate-cpi
Calculating the increase in dollar amount spent on
things you actually buy (as opposed to the government's standard market basket reflected in the CPI) is a good way to understand how inflation and the COLA adjustment actually affects you.
For us, the dollar amount increase in cost of the
things we actually buy is less that the dollar amount of the COLA adjustment.