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Remember, we've now inflated 30+% (wholesale goods) since April 2020 and even if it stabilized 100% right now, the results of that inflation are going to haunt
by hajile 4y ago
Remember, we've now inflated 30+% (wholesale goods) since April 2020 and even if it stabilized 100% right now, the results of that inflation are going to haunt the system for a long time.
- mywittyname 4y agoWe also just exited a decade of extraordinarily low inflation. Cumulative inflation over the past decade for the CPI-U "all items, all regions" is 31% since 2012 (228 -> 298). Which is basically 3% annualized, or "normal".