this post was submitted on 12 Sep 2023
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Statecraft

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I'm not sure I like the graph (and the whole report). It feels like it prices stopped growing, the representation in the chart would go down as it would be compared to a growing base number as time goes on.

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[–] [email protected] 2 points 1 year ago (1 children)

It seems clear to me, but get the confusion.

A cumulative graph for both figures would be good. It would show that, yes wages and CPI are the same right now, but here's the cumulative difference since [whenever].

There's also a case for 2%, rather than 0, to be the baseline if that's the long term target. It's written that way, but not graphically represented as well.

[–] [email protected] 1 points 1 year ago

Thanks for the explanation. It does make sense when you put it that way.

[–] [email protected] 2 points 1 year ago

Yeah, that graph is hugely misleading. I think that most of the population would glance at it and assume that wages had caught up with the last few years of price rises.