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Re:Inflation Appears to Be Over by uoaei on Wednesday November 15, 2023 @06:37PM (#38283959)
Only in the sense that they set a floor, but not that they set a ceiling. Thus, very limited utility in the context of understanding consumer prices.
Re:Inflation Appears to Be Over by object-a on Wednesday November 15, 2023 @07:26PM (#38284354)
It's true, but a large gap between consumer and producer prices is hard to maintain over the long run.

It is true that there are other factors which can drive inflation and rising consumer prices. However, if the recent bout of inflation was caused by supply chain issues, or by food + energy costs rising, then a decline in producer prices would probably slow consumer price inflation.

Re:Inflation Appears to Be Over by uoaei on Wednesday November 15, 2023 @09:08PM (#38285111)
This is one of those theoretical perspectives that has increasingly become completely divorced from reality. We don't live in a world governed by textbook problem sets. It doesn't seem appropriate to consider this inevitable especially considering the behavior of consumer-facing companies in the past couple years. I can't say I understand your motivation to simp for those who have unilateral and evidently unchecked power to manipulate consumer prices to increase their own profits.
Re:Inflation Appears to Be Over by object-a on Thursday November 16, 2023 @01:04PM (#38293076)
It is not "simping" to point out that factor prices have an impact on consumer prices. And while some companies do have (too much) pricing power, I wouldn't categorize it as unilateral and unchecked
Re:Inflation Appears to Be Over by dang on Thursday November 16, 2023 @05:51PM (#38296776)
> your motivation to simp

Crossing into personal attack, as you did here, will get your account banned—especially when the account has a long history of breaking the site guidelines. We've had to ask you about this many times:

https://news.ycombinator.com/item?id=36748588 (July 2023)

https://news.ycombinator.com/item?id=36748560 (July 2023)

https://news.ycombinator.com/item?id=28611505 (Sept 2021)

https://news.ycombinator.com/item?id=23648230 (June 2020)

https://news.ycombinator.com/item?id=22263907 (Feb 2020)

I don't want to ban you! But we really need you to stick to the rules, so if you'd please review https://news.ycombinator.com/newsguidelines.html and do that from now on, that would be good.