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"I feel like I'm on a hamster wheel" — US cost of living has skyrocketed since 2020
(boingboing.net)
this post was submitted on 28 Nov 2023
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Inflation has gone down. Doesn’t mean the prices have. In fact they specifically keep going up, because it seems that literally every business has decided the only thing that matters is how much their CEO is worth.
When every industry and consumer goods producer is a monopoly, market competition no longer exists so prices don't really effect demand. Especially for inelastic goods like gas or food.
So it hasn't gone down in the sense of the actual purchasing power for the average person. Meaning price inflation.