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The problem isn’t inflation. It’s prices.
(www.vox.com)
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this post was submitted on 08 Nov 2023
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politics
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I see your point. Inflation is simply the aggregate change in consumer prices. It's kind of ridiculous to suggest that prices are rising if inflation is going down. Inflation is literally the change in prices for a defined basket of common consumer goods.
She uses eggs as an example, but retail prices on eggs are back down to pre-pandemic lows, and were high earlier this year because of an avian influenza epidemic, not due to supply chain issues associated with COVID.
Prices can still be rising even if inflation is going down. In fact prices should in theory always be rising because <0% inflation is essentially a death knell for an economy.
So the fed will do anything in their power to prevent that. That fed reserve rate would go down to 0% pretty quickly
Boil em, mash em, turn the consumer into stew?
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