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US Inflation Is Nonevent Amid Benign Super-Core Measures
US consumer prices rose in line with expectations last month, data out Wednesday showed.
I think it
One thing I’ve heard and seen: when prices have gone up they never really go back down again. There’ll never be another nickel and dime store and the physical penny won’t make a come back.
That lost purchasing power will take many (most working) people years of raises to catch up in terms of real wage gains – and the “fixing inflation” tool seems to be less raises and less jobs.