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Not only that, but people were stuck in their houses all day. It's not surprising at all that people ordered tons of crap on Amazon or decided their house neede
by mdm12 5y ago
Not only that, but people were stuck in their houses all day. It's not surprising at all that people ordered tons of crap on Amazon or decided their house needed some renovation/appliances/etc.
- throw0101a 5y ago> It's not surprising at all that people ordered tons of crap on Amazon or decided their house needed some renovation/appliances/etc. As any graph comparing CPI-Goods versus CPI-Services will show: * https://ritholtz.com/2021/11/structural-or-transitory/ https://ritholtz.com/2021/11/structural-or-transitory/ Further, Goods YoY inflation has been flat/negative since 2013, so most supply chains probably weren't really being stressed much (and maybe even atrophying slowly) when the sudden surge in demand hit.
- mitjam 5y agoI think there are quite a few structural changes that might keep inflation alive for longer: climate change and political measures to mitigate them result eg in higher energy and housing costs, globalization seem to have peaked, second round effects like wage increases already appear. Inflation may well got kick started last year.