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Ah, I understand, you're saying that from a consumer perspective prices go up, but are slow to come down. That is clearly the case. Ultimately inflation works
by bruce511 5y ago
Ah, I understand, you're saying that from a consumer perspective prices go up, but are slow to come down. That is clearly the case.
Ultimately inflation works by driving prices up. So the extra $45 will ultimately be made up on your income side, basically by you putting your prices up, thus fueling the cycle. Inflation on basic necessities like energy and food have more knock ons than non essentials.
Ultimately the fuel vendor is covering not just the increase in fuel to him, but also the increases needed for his staff.