Prices didn’t go back down.
“I’ve turned off the oven, yet food is still burnt”
If you really want to compare that to inflation slowing, then you haven’t turned off the oven, you just slowed down the rate that you are making it hotter.
They’ll keep waiting too. Because without some shock therapy like raising min wage to like $25 an hour overnight and taking that economic hit it’s never going to get any better. This is the new normal until that happens.
I mean yeah, lower inflation doesn’t mean prices go back down, and wages didn’t inflate for most people.
We were living paycheck to paycheck before that inflation boom too.
But it’s also because inflation is a measurement of velocity, not a static indicator. If you have a year with ten percent inflation, that doesn’t go away without deflation happening and the finance industry would rather nuke the stock exchange than allow deflation.
They were doing that too begin with though?
CNBC can fuck all the way off with that brain dead journalism.
