Re:Sri Lanka’s overnight flip to organic farming has led to ...
by imtringued on Wednesday September 08, 2021 @04:01AM
(#28454399)
If your money is worth less tomorrow you will spend it today.
If CPI inflation is really high, that means people will try to empty the shelves before prices have adjusted.
This is why moderate inflation around 2% is good because it stops hoarding of money and why inflation above 10% is destructive because people start hoarding goods.
There are some loosely imposed rules that one cannot buy more than 5kg of rice per turn, etc. But I don't see people actively hording things. The long lines are likely because a shop is only allowed to bring in 2-3 customers at once.