this post was submitted on 15 Jun 2024
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Inflation is just the cost of buying goods and services (edit: going up). Rent can easily increase at the same time as inflation, being itself a part of inflation. In the US, rent prices have risen faster than inflation for decades.
From a working class perspective, inflation is good for personal debt, all else holding constant (and with wages keeping up with inflation). The amount you have to pay back gets cut by the inflation rate, essentially.
Right, you just have to make sure to put your savings in a different currency that is not inflating. Otherwise, at the same time that your things are coming down due to inflation eating away the value, your savings are also coming down because of that same process, which is not good.