US annual inflation declines to 7.1% in November vs. 7.3% expected

Re:US annual inflation declines to 7.1% in November vs. 7.3%... by MuffinFlavored on Tuesday December 13, 2022 @11:29AM (#33971080)

> It doesn't mean anything's getting any cheaper.

for anybody "out of the loop", that would be deflation and it's pretty unlikely (unless I'm wrong)

we as consumers would have to "stand up to" the corporations who are setting the prices, stop buying their products so much to the point where they have to conclude "our prices are too high, we're losing sales, let's lower them"

I could be wrong but I'm pretty sure the chances of that happening are low? would love to hear from somebody more in the know

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Re:US annual inflation declines to 7.1% in November vs. 7.3%... by encoderer on Tuesday December 13, 2022 @11:35AM (#33971184)

The actual way this happens is that there is a severe recession or depression, there is no more discretionary income for most families, and all savings has been depleted.

Then, people start working for less money because they have to. Prices drop, and it creates a positive feedback loop because anybody that does have money is going to hold onto it while its buying power increases daily.

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