Re:Food Prices Are Soaring Faster Than Inflation and Incomes
by lmohseni on Monday March 08, 2021 @10:09AM
(#26386532)
I have a pretty imperfect understanding of inflation, but wouldn’t increased food and energy prices mean that a consumer will have less money to spend on discretionary purchases? Ie, aren’t food price rises DEflationary?
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Re:Food Prices Are Soaring Faster Than Inflation and Incomes
by chordalkeyboard on Monday March 08, 2021 @08:38PM
(#26394289)
No, inflation is the increase in the money supply resulting in each unit of currency having less real value.