Because inflation is the devaluing of money due to the amount of money in circulation, not just “prices go up”. When prices increase due to a lack of competition, that’s something different.
That’s incorrect on every level. There is a set “basket of goods” upon which CPI inflation is set. Grocery prices went up, other items went down. The net was zero, but grocery chains are fucking us over for profit because we need to eat to live.
Because inflation is the devaluing of money due to the amount of money in circulation, not just “prices go up”. When prices increase due to a lack of competition, that’s something different.
That’s incorrect on every level. There is a set “basket of goods” upon which CPI inflation is set. Grocery prices went up, other items went down. The net was zero, but grocery chains are fucking us over for profit because we need to eat to live.