4 ms·
Stopping inflation != lowering prices, because it's a measure of change, not absolute levels. That's why it's represented as a y/y %. We were in a very weird t
by RC_ITR 5y ago
Stopping inflation != lowering prices, because it's a measure of change, not absolute levels. That's why it's represented as a y/y %.
We were in a very weird time from 1990-2020 where the price of goods actually declines in many categories due to a lot of crazy and undefined factors (like China's currency peg, but also 1000000 other things).
We may return to that period, we may not, but even just slower inflation is fine for the economy, AND (this is the real saving grace) our Y/Y comps go from being 'low inflation COIVD era' comps to being 'high inflation 2021' comps in March 2021.