In economics, inflation is an increase in the general price level of goods and services in an economy.
The common measure of inflation is the inflation rate, the annualized percentage change in a general price index. As prices faced by households do not all increase at the same rate, the consumer price index (CPI) is often used for this purpose.
So basically, inflation is annualized CPI. The corporations haven’t gotten more greedy; inflation has gone up.
[What follows is my opinion and not fact]
And the way we calculate CPI includes a bunch of stuff we don’t actually need and have gotten cheaper, like electronics. If it was just essentials like food and health care, then the official numbers would look much worse.
Source: Wikipedia
So basically, inflation is annualized CPI. The corporations haven’t gotten more greedy; inflation has gone up.
[What follows is my opinion and not fact]
And the way we calculate CPI includes a bunch of stuff we don’t actually need and have gotten cheaper, like electronics. If it was just essentials like food and health care, then the official numbers would look much worse.