Re:Italy Braces for Pasta Inflation Amid Soaring Durum Wheat...
by gdubs on Tuesday September 14, 2021 @01:27PM
(#28527937)
Technically true. But inflation as a function of monetary / fiscal policy is top of mind for many right now — and what most people picture when they hear the word — and so it’s helpful to draw a distinction.
In our modern economy, prices are often determined by supply, which can be influenced by factors like climate. Absolutely expected that it would cause inflation.