Inflation’s Wild Ride | Inflation has surged and moderated since the pandemic. As the presidential election approaches, politicians are focused on who is to blame. How did we get here? (www.nytimes.com)

submitted 1 week ago by silence7@slrpnk.net to c/usa@lemmy.ml

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Price increases have slowed, but getting used to new price levels could take time for consumers.

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[-] jacksilver@lemmy.world 4 points 1 week ago

I don't know why you're getting down voted, inflation and wage growth are two different things. Inflation is around targeted levels, which is good. Wage growth still being low or suppressed isnt great, but a different matter.

Its true that getting inflation under control doesn't fix high relative prices, but it does stop them from getting higher.

this post was submitted on 27 Jun 2024

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