Originally posted by: Jerry Ice 33
But isn't 7.5% inflation OK for them? You said this was a good thing.
Nope. I didn't say that at all. Not even close. I think you're just being argumentative and you realize what I actually said. However, just in case you're being unusually thick today, I'll reiterate: inflation, considered in isolation, is neither a good nor a bad thing. In fact, deflation can be a sign that something is seriously wrong with the economy! The current inflation is one aspect of a booming economy.
There has been in the past, in the US and elsewhere, a combination of inflation and anemic GDP growth, a phenomenon called "stagflation." That's bad. It also illustrates why considering inflation in isolation is pointless, just as considering any one factor without considering the others makes no sense.
Inflation is only 7.5% on an annualized basis. Inflation for the month of January was 0.6%. Doesn't sound nearly as dramatic, does it?
I'm not even going to speculate on how you think inflation affects the lives of the homeless.