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Unknownirish t1_ja4o38m wrote

If it'll affect the consumer prices. If people continue buying like they do, why would companies slash prices? Though Walmart would likely 😆

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technoexplorer t1_ja53jup wrote

Over time is the key point. With 7% general inflation, if it causes food to only increase 1%, then, over time, prices will be relatively lower.

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Unknownirish t1_ja54cuq wrote

The key in succeeding the Fed 2% inflation target is average 😆

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technoexplorer t1_ja5a0yh wrote

Yes, if you make something, you want it to inflate at like 5% while your servants' wages are inflating at like 0%. Then, you get an average of about 2%.

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