They will simply change the inputs and get whatever number they want. Been doing it for the past 50 years. Add this, remove that, presto no inflation.
in 7 days ?? WOWSA's really is my hero, obviously can't spend it, but still sure he's got enough for a pizza later, do a bit of window cleaning on the side to get by ( old 2 Ron's joke ) Even last year, still WOWSA's.
One neat trick is to slightly reduce the quantity, to keep the price the same. A few less ounces of OJ, a few less ounces of bacon. Keep the price the same. Presto no inflation.
Just a small correction, the official inflation rate is much lower than 2% as per the data. The Fed says they want to achieve a 2% inflation rate, this is their benchmark mainly for them to take action on monetary policy and interest rates. Recently they changed that to achieving an "AVERAGE of 2%", which means that if inflation rate shoots up above their 2% benchmark, they still won't act on monetary policy, but rather consider the average. If you have some time, read "How to Lie with Statistics".
You are truly thinking that Elon Musk is trying to make the earth a better place? Then you must be deluded. You also thought Brexit will make the UK a better place. Equally wrong.
Only fools fall for that numbers game. I have been looking at ounces and pounds for the longest time and have seen items being reduced consistently over the years. 5 pounds of sugar now 4 pounds. 64 oz oj now 59 oz. Ice cream used to be a half gallon, nope no longer. Corporations always fu$king the consumer.
Your a Musk HATER, obviously a PC, they all hate him these days. Brexit UK Better ?? what planet do you live on, I'm anti Brexit 100%, it's madness and my children will suffer from this. Already talk of going back in 2029 LOL Check your facts lad, stop the Musk hating, it's a normal person, having fun and making major $$$$'s while he's at it, don't be so judgy of others, if you drop your PC rules, maybe you can have fun aswell, rather than hating on anyone having fun.
And even if it was higher than 2 or r or 7% they still wouldn't act, they need to keep wallstreet happy and satisfied