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Yes and yes. Lumber will come back around into people's expenses for shelter. Cars are harder to justify leaving out.
by Am4TIfIsER0ppos 4y ago
Yes and yes. Lumber will come back around into people's expenses for shelter. Cars are harder to justify leaving out.
- candiodari 4y agoBut these people are largely hired and paid for by the government. The government, who has to pay extra if inflation goes up (esp. in Europe). Obviously they have a preference for lower inflation. (and frankly, to a small extent their argument is valid. If everyone switches from Coca-Cola to Pepsi, even if they do so because it's cheaper, then Coca-Cola has no place anymore in an inflation index. Prices are meant to affect buying behaviour and products must be allowed to replace each other)