Re:U.S. inflation rate rises to 13-year high of 5.4%
by tootie on Wednesday October 13, 2021 @10:36AM
(#28852649)
Given that pandemic relief has ended and in fact ended a while ago in a lot of the country while inflation has kept up would imply this isn't true.
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Re:U.S. inflation rate rises to 13-year high of 5.4%
by tbihl on Wednesday October 13, 2021 @11:44AM
(#28853652)
The fact that people "bought" stuff that is nonetheless still stuck off the coast waiting to be unloaded suggests that the listed price paid is not the actual market price (if you had any expectations of receiving things quickly like you would have in 2019.) Likewise for anyone who had a plumber come to their house do work, paying 30% more and waiting a week for service.
Prices seem to be sticky, so it's not that surprising that it takes some time for higher prices to work their way into all facets of economic life.