this post was submitted on 11 Aug 2023
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US inflation cooling as consumer prices rise moderately again (www.reuters.com)
submitted 1 year ago by [email protected] to c/[email protected]
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Higher rents were mostly offset by declining costs of goods such as motor vehicles and furniture.

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[โ€“] [email protected] 0 points 1 year ago (1 children)

If prices generally went down across the board, it would be indicative of ...

This is always what gets said. The real truth is that prices can go up and down for a lot of reasons and this line gets used as an excuse for our attempt-infinite-growth economic mindset.

... shows a small real wage growth, meaning wages growing faster than inflation

This is due to the (temporary) shift of power to the workers during the pandemic. I personally believe this "inflation" we're experiencing now is a direct reprisal for that very small and very late wage increase. Profits are soaring all over, but belts are being tightened for (seemingly unknowable reasons) coming down from C level.

[โ€“] [email protected] 1 points 1 year ago

I recommend you do some digging into economics as to why we avoid deflationary environments and why that is always said. Remember also that profits are measured against a currency whose value has been eroded by inflation as well. Inflation is a fact of life. No need to put it in quotes.