• rigatti@lemmy.world
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    4 hours ago

    There was a two year spike. If you look at the graph in the link I posted, you would see that prices have been mostly going up as normal for almost two years now. When are people going to adjust to their mindset to the current prices?

    • AlDente@sh.itjust.works
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      4 hours ago

      To make people happy, I think it would take a return to a running average of 2%. This requires a temporary drop below 2%, perhaps even to 0 or negative. Otherwise, you’re just telling them to suck it up and embrace the new normal.

      • rigatti@lemmy.world
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        3 hours ago

        I’m not an economist, but from what I’ve heard in the past, 2% is basically ideal. Price deflation or inflation that’s too low can indicate problems with the economy. Maybe this situation is different since we had really high inflation a couple years ago. But either way, I think it’s unlikely that prices will drop. Kamala needed to promise super low taxes on the working class or something to make up for it.