The root of what’s going on here can feel obvious: blame inflation, which picked up in mid-2021 and throughout 2022. But that isn’t really the issue anymore, at least not at the current rate, because inflation is coming down. The actual problem here is prices.
They’re not going up nearly as much as they were in, say, the middle of last year, but they’re by and large not declining en masse, either. And in most cases, they won’t get back to where they were in the Before Times.
Did the author of the article check how inflation is calculated? Or just the dictionary definition if basic economics are too complex?
I mean, maybe their argument is that prices are actually going faster than inflation should actually be going?
We do have multiple reports of industries making record high profits despite the inflation.
Greedflation.
Dont you label proactive price corrections as greed!
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I’m guessing the basic economics were too complex.
You already know the answer.