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Reply to "U.S. Annual Inflation rose to 6.8% in November - the highest in 40 years"
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[quote=Anonymous][quote=Anonymous]PPI. https://www.worlddata.info/cost-of-living.php Note that the U.S. is one of only 7 countries with a PPI of 100 or greater. And people try to argue that we’re poor and that capitalism doesn’t work. Ha![/quote] I want to point out that the reason the US is 100 is that the US is the benchmark, not because we achieved some third-party standard. However, it is indeed very useful to see just how much purchasing power the US enjoys given that we are a large, populous, and diverse nation. The only other countries that rank higher are much smaller and highly homogenous countries, and usually with an economy that is largely dependent or targeted narrowly at some specific industry. [/quote]
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