Im sure many of us lived thru the inflation of the 1970s. Perhaps some remember when Nixon put in wage and price controls. He also had a nice little program…called WIN…Whip Inflation Now….none of that worked…took the economy to finally stabalize.
Yes, we have had inflation for the past year or two…its going down…not as much as we would like.
When inflation hits and then goes down..prices dont fall…i believe economists call it “sticky pricing”. Retailers who bought a product at a high price are reluctant to lower it even though the replacement price on that item is lower.
But I think retailers…fast foid, supermarkets, restaurants..are now just taking advantage and raising prices unnecessarily.
Read an article today..the ceo of mcdonalds is looking at their inflated prices. A big mac meal is $18 in some areas!
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We need HALAL now!
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