Well, thing is, some product categories probably aren’t suffering the same price hikes as groceries, fuel and rent. Stuff like cable and internet, clothing and office supplies are probably bringing the average down (please tell me if they’re having inflation, I pulled these categories out of my butt).
I hope we see deflation eventually… I know it’s not good for the economy but no one wants to pay 100 dollars for a coke
This breaks the current economic system and will only occur safely once capitalistic GDP and population growth has ceased completely
That’s the fun part! It never deflates! I guarantee lots more prices for consumer goods could have already come down, but damn do they love the idea of keeping those price points where they are. We already need another round of inflation on wages to get to where we were.
Problem with deflation is: what do people do when theres deflation when it comes to optional expenses? Well, they may postepone them in hopes that prices go further down, this means that there’s less demand, prices go downer, businesses may start to fail, putting people in unemployment, reducing demand, and death spiral. Basically same thing as inflation death spiral but with deflation. Consumer confidence is a very delicate thing
this means that there’s less demand, prices go downer, businesses may start to fail, putting people in unemployment, reducing demand,
I’ve always been skeptical of this and I’m not really aware of historical examples that prove it. The part I just quoted - “less demand, prices go downer, businesses may start to fail” - that means supply decreases too. All that’s really happening if you have a couple % deflation is that people are slightly more incentivized to hold onto their money, and the fact is that currencies don’t just naturally appreciate in value that much, at most in the long term I think you have “the same amount of money in circulation” vs. population growth causing it to chase a slightly larger economy.
no one wants to pay 100 dollars for a coke
Reminds me of a comic strip where a guy goes to Japan and orders a coffee. The cashier says the total is 300 yen and the guy says “damn, coffee is expensive here!”
tbh both inflation numbers are hot
You just gave me a whole new perspective
My country’s news say we’re improving with a straight face. And I’m like “improving in what? Making the country sink more efficiently?”
I’m honestly not sure why there isn’t civil unrest worldwide. People have got to be suffering mass homelessness at this point and starving. I did hear that theft from grocery stores increased but to me it’s well deserved.
Well deserved or justified? I don’t think a grocery store deserves being robbed given that they operate on slim margins, but if you steal a loaf of bread because you are otherwise going to starve, then I think you are justified.
“It appeared that there had even been demonstrations to thank Big Brother for raising the chocolate ration to twenty grammes a week. And only yesterday, he reflected, it had been announced that the ration was to be REDUCED to twenty grammes a week. Was it possible that they could swallow that, after only twenty-four hours? Yes, they swallowed it. Parsons swallowed it easily, with the stupidity of an animal. The eyeless creature at the other table swallowed it fanatically, passionately, with a furious desire to track down, denounce, and vaporize anyone who should suggest that last week the ration had been thirty grammes. Syme, too — in some more complex way, involving doublethink, Syme swallowed it. Was he, then, ALONE in the possession of a memory?”
