Quote:
Originally Posted by Republicaninmass
You bill likely doubled
Maybe I misinterpreted your comment.
People in my neighborhood with pool heaters and lights on all day said their bills WERE 600-1k per month, I haven't checked in recently
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My total average cost of electricity was 14.0 cents per kWh in 2020.
My total average cost of electricity was 16.0 cents per kWh over the last 12 bills ending in November, 2023.
Do I think this modest increase is indicative of national inflationary trends?
No, I do not. It is a mere localized sample.
You can't draw broad conclusions from the cost of an item at your local store.
Also, people don't seem to understand how compound interest works. If inflation was 7% annually, the cost of goods would nearly double every ten years. Even moderate amounts of inflation cause the cost of goods to go up significantly (in nominal, not real values).