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Inflation is usually demand driven and it certainly is in the current case. It is the result of INCREASED consumption. U.S. consumer spending (adjusted for infl
by thunderbird120 5y ago
Inflation is usually demand driven and it certainly is in the current case. It is the result of INCREASED consumption. U.S. consumer spending (adjusted for inflation) is significantly above the pre-pandemic peak https://tradingeconomics.com/united-states/consumer-spending https://tradingeconomics.com/united-states/consumer-spending
- lettergram 5y agoI believe that assumes correct inflation figures. I don’t know if those are accurate. I can tell you almost all goods and assets are up over 6% this year. Hell, Kraft-Heinz, General Mills, etc are all raising prices 20% in January 2022, etc