Quote:
Originally Posted by Bill14564
Stats say 7.0%, 6.5%, IRA, 3.4%, 3.3% (through first five months). Looks like a significant drop to me.
Causation or just correlation? I imagine books will be written attempting to answer that.
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and how about the rest of the story. If you have the right numbers, prices are still rising, not dropping. The numbers above only show the rate of inflation is decreasing, not the prices.
Just finished an article about soft drink prices. Coke, Pepsi and others have used COVID and inflation to raise their prices from $4 a 12 Pack to $7 to $9. They are also increasing their margins as the test the market to see how much they will absorb.
Once the inflation door is open, they get us used to the higher prices they won't go back. Nobody out there looking to reduce price unless the market uses its power.