It’s important to understand that a small decrease in inflation _growth_ doesn’t mean a reduction in current or future prices compared to the previous value of money. It just means it’s not getting as bad as fast (alleged deceleration) - by that metric which is most certainly gamed and inaccurate.
Prices will never return to previous values. That’s how inflation works and run away inflation takes off.
https://twitter.com/ITVNewsPolitics/status/1681686884714414081?s=20
wakoinc / Blake
npub1ktw…mrvj
2023-07-19 18:13:02
Author Public Key
npub1ktw5qzt7f5ztrft0kwm9lsw34tef9xknplvy936ddzuepp6yf9dsjrmrvjPublished at
2023-07-19 18:13:02Event JSON
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"content": "It’s important to understand that a small decrease in inflation _growth_ doesn’t mean a reduction in current or future prices compared to the previous value of money. It just means it’s not getting as bad as fast (alleged deceleration) - by that metric which is most certainly gamed and inaccurate. \n\nPrices will never return to previous values. That’s how inflation works and run away inflation takes off. \n\nhttps://twitter.com/ITVNewsPolitics/status/1681686884714414081?s=20",
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