notfromhere

@notfromhere@lemmy.one

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notfromhere, (edited )

Inflation never went negative, so prices haven’t gone down. Positive inflation ensures prices nearly always steadily rise. The article is saying the rate of inflation is the lowest it’s been for a while which means prices are rising at the slowest pace for a while.

notfromhere,

Yea I’m just pointing out that prices are not going to come down and will only keep going up albeit more slowly than before

notfromhere,

I’m not an economist but i would think less than 1% deflation would probably be fine almost indefinitely for the US at this point.

notfromhere,

You think people will wait indefinitely to buy the things they need because it will be slightly cheaper? If you need an oil change you have to change your oil. Maybe for construction that holds true and a lot of consumer products, but 1% isn’t a big deal for most necessities as they are routine and hard to put off.

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