3 ms·
The opposite of inflation (when prices go up), deflation (when prices go down) is never a good thing so if we have high inflation say due to global pandemic's
by bdangubic 2y ago
The opposite of inflation (when prices go up), deflation (when prices go down) is never a good thing
so if we have high inflation say due to global pandemic's effects on global supply and in response we get say 40-100% price increases (say milk was $1.00/gallon and now it is say $1.50/gallon, a modest 50% increase).
so now inflation eases, global supply chain in back to normal etc etc... we should expect now that milk prices will stay forever at $1.50/gallon (or higher) because now that would be deflation if the prices eased…?! :)