I probably should be happy about this, but I really don’t care. This seems like something that’s more important to experts and academics. Regardless of what the official indicators say, something just doesn’t seem right to me. I can’t necessarily quantify it or express it through some equation, something just feels…wrong.
It’s because this is a manufactured inflation (imo) that companies have created by greedy price gouging.
To imply that we should be rejoicing at the fact that companies are starting to drop prices slightly (even though the average person is struggling to afford GROCERIES) is quite frankly, disgusting.
I could have sworn that this was the version I read, but they may have deleted it and posted a different article on the same topic.
We did it, y’all! Get the Champagne on ice and gather the townsfolk because America hath slain the beast known as inflation. (Or, at least, it’s hit a turning point.)
Huzzah! Maximum employment and price stability? Let’s party.
But wait — what’s that I hear? Not the riotous cheers of American consumers dancing in the streets. Not a chorus of workers singing about the strongest labor market of their lifetimes, and no — I can’t even pick up on the sound of what I’m sure is an army of economists demanding sainthood for Jay Powell. Instead, the single best economic news of the past decade is but a murmur of chit-chat, barely audible against a clamor of politicos shouting about President Joe Biden’s age.
https://finance.yahoo.com/news/might-just-missed-earth-shattering-095630768.html
There’s recent research showing that may not be the case entirely, though that’s not to say price gouging isn’t happening in places.
Corporate price gouging has not been a primary driver of U.S. inflation, according to research published on Monday by economists at the Federal Reserve Bank of San Francisco.
While markups for motor vehicles and petroleum products did rise sharply during the 2021-2022 inflation surge, markups across the entire spectrum of U.S. goods and services have been relatively flat during the post-pandemic recovery, the bank’s latest Economic Letter showed.
“As such, rising markups have not been a main driver of the recent surge and subsequent decline in inflation during the current recovery,” wrote the bank’s research chief Sylvain Leduc and colleagues Huiyu Li and Zheng Liu.
Why are you being downvoted? Is there something I’m missing with the generally accepted reliability of the source or the methodology in the research?
But is it really progress, or did the price of everything jack up an it has come down just a bit because companys are finally getting the blowback they deserve as consumers reduce spending?
Yes, that’s progress.
Consumer price index falls 0.1% in June
CPI increases 3.0% year-on-year
Core CPI gains 0.1%; rises 3.3% year-on-year
Weekly jobless claims fall 17,000 to 222,000
Continuing claims decline 4,000 to 1.852 million
