Some have been trying to paint the picture recently that inflation has peaked and food prices are going down.
Are they really?
If you have been to the grocery store lately, have you seen prices going up or down? For those who frequent the market you are likely to see prices climbing for everything from toilet paper to beef, chicken, eggs, vegetables, snacks, and more.
Despite the hope for a return to old prices others have argued that those days aren't coming anytime soon if they are coming at all.
When have companies ever lowered food prices? Generally we do not find businesses going in that direction as this isn't common in the market. This doesn't mean that there hasn't been some deflationary periods in the market though.
Many of us have likely heard stories of how our parents used to go to the store with a dime and purchase a variety of snacks or a visit to the movies. Those days aren't coming back and we have inflation directly to thank for it.
The public has been conditioned to think that inflation is good slowly over a long period of time, but is it? Who benefits? Because from some vantage points it looks like that inflation has arguably drastically contributed to a lowered standard of living for many.
Many of course attribute this to the Federal Reserve and there are even some finance experts like Charlie Munger who have suggested we might see the US dollar go to zero thanks to inflation. This potential failure creates a vacuum and some wonder what upcoming economic ideas might fill that and be promoted and implemented on a broad scale. It could be something much worse than we see today.
Pics:
pixabay
This is not financial advice
Sources:
https://ca.finance.yahoo.com/news/inflation-can-be-the-way-democracies-die-charlie-munger-183158672.html#:~:text=Munger%20clearly%20sees%20inflation%20not,to%20zero%2C%22%20he%20said.
https://www.forbes.com/advisor/investing/what-is-inflation/
Pics:
pixabay
pic2 via FB
