3 ms·
>That's a 15% increase in three years Which means it's high over the last three years. It doesn't mean it's high today.
by treis 4y ago
>That's a 15% increase in three years
Which means it's high over the last three years. It doesn't mean it's high today.
- prottog 4y agoYou're right, but it's going to take either a while or actively lower prices before people will stop feeling like everything is more expensive than it should be. Psychology matters for the effects of inflation on the macro economy. I've definitely altered my purchasing behavior because things "feel" too expensive, and a few months of 0% MoM inflation isn't going to change that. Either in two years I'm going to finally get used to a cart of groceries costing $250, or prices come down sooner.
- foobarian 4y agoDon't forget the impact of COVID measures, which had a huge once-in-a-lifetime effect that is now going away.