I did not know about the quality adjustment. That is most interesting since quality, as in robustness, has cratered. Features have increased and computer speed has increased, but the amount of materials go down to cut costs and the lifecycle suffers. I would believe an 8% annual inflation. It has been largely offset by offshoring for cheaper labor, using less materials, and increasing economy of scale.
There’s a reason the government doesn’t include produce fuel, rent or housing prices in their calculation of inflation. If they did look like it was 20-25%.
I don't understand 1 thing. Let's say, inflation rate is 70% (!), this is by comparing to a year earlier, right? Wouldn't this rate automatically drop with time passing by? Because next year, it has to be increased again 70% for us to be able to say that inflation is still high and around 70%. I don't know if I explained my question clearly. Anybody?
Yep you are absolutely right - sort of, unless the base year is reset to the previous year the cumulative effects of previous years' inflation are included in the year you are comparing to. Inflation rate falling is not a sign of falling prices unless the rate is negative. If the rate is 10% in 2022 and 8% in 2023 prices have still increased by 8% on previous year and by 18.8% (1.1 x 1.08) overall. The increase of 8.8% is higher than the headline 8% due to the previous year's increase having already being included in the baseline which sort of covers the point you are making Hope that makes sense... KP .
I’d say that this is one of the most interesting video by ACCA !
The statement John made about governments being the largest beneficiaries of debt via inflation was eye-opening. Thank you for that nugget.
You make some very valid points. I'm glad I found your video
Very very Interesting , Amazing video. Loved it
I did not know about the quality adjustment. That is most interesting since quality, as in robustness, has cratered. Features have increased and computer speed has increased, but the amount of materials go down to cut costs and the lifecycle suffers.
I would believe an 8% annual inflation. It has been largely offset by offshoring for cheaper labor, using less materials, and increasing economy of scale.
Excellent
Very interesting
Nice
Great
Thank you, I knew I wasn’t stupid
Best video by ACCA by a distance 👏
Do ACCA have MRA with cpa canada?
Agreeee!
There’s a reason the government doesn’t include produce fuel, rent or housing prices in their calculation of inflation. If they did look like it was 20-25%.
Dose america inflation reflect on the other countries?
there is an effect if that country has import/export to America.
STOP SELF PRAISE..AND FOCUS ON WORK
I don't understand 1 thing. Let's say, inflation rate is 70% (!), this is by comparing to a year earlier, right? Wouldn't this rate automatically drop with time passing by? Because next year, it has to be increased again 70% for us to be able to say that inflation is still high and around 70%. I don't know if I explained my question clearly. Anybody?
Yep you are absolutely right - sort of, unless the base year is reset to the previous year the cumulative effects of previous years' inflation are included in the year you are comparing to.
Inflation rate falling is not a sign of falling prices unless the rate is negative. If the rate is 10% in 2022 and 8% in 2023 prices have still increased by 8% on previous year and by 18.8% (1.1 x 1.08) overall. The increase of 8.8% is higher than the headline 8% due to the previous year's increase having already being included in the baseline which sort of covers the point you are making
Hope that makes sense...
KP
.
@@desmanage Thanks for taking a moment to answer my question in such a clear way! That certainly answered my question! Have a nice day :)
Actually people might eat more chicken now because we don’t want red meat 😂
why didn't you accept ACCA in one of the new institutions of Uzbekistan? Business or people are more important to you