Re:Inflation Appears to Be Over
by throw0101b on Wednesday November 15, 2023 @04:29PM
(#38282794)
> With stimulus checks and low interest rates, there was too much money chasing too little goods, causing prices to rise and YoY inflation went up to 10%.
At least half the run-up in inflation was on the supply-side of things:
At least half the run-up in inflation was on the supply-side of things:
* https://www.frbsf.org/economic-research/publications/economi...
Or have people forgotten oil and food/wheat prices spiking (thanks Russia!)? (Clogged ports for goods didn't help earlier in the pandemic either.)