UK: Food inflation rises to 18.2% as it hits highest rate in over 45 years

Re:UK: Food inflation rises to 18.2% as it hits highest rate... by emodendroket on Friday March 24, 2023 @12:51PM (#35291881)

I'm not so sure I would say that. Inflation is more harmful to those with assets, it generally accompanies a strong labor market, and the means central banks use to fight it amount to deliberately increasing unemployment.

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Re:UK: Food inflation rises to 18.2% as it hits highest rate... by mitthrowaway2 on Friday March 24, 2023 @01:08PM (#35292151)

We can say that inflation is good for those with assets, and interest rate hikes are harmful to those with assets, and the two tend to go together -- but not always; that's mainly up to the central bank.

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Re:UK: Food inflation rises to 18.2% as it hits highest rate... by emodendroket on Saturday March 25, 2023 @02:46AM (#35300130)

> We can say that inflation is good for those with assets

If the assets are liquid ones not really; that's one of the reasons asset-holders start to clamor for the Fed to do something when inflation is high. I read the introduction of Secrets of the Temple, which is kind of a counter-conventional wisdom explanation of how higher rates of inflation were salutary for regular people at the expense of the ruling class, and it was pretty compelling.

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