I just came from the grocery store, and prices are still climbing on certain benchmark products I keep track of. There’s something of a lag between wholesale prices and the retail prices, so I will watch to see if prices start to fall next week and next month. I’m wondering if there is a reliable correlation between how *fast* prices dro…
I just came from the grocery store, and prices are still climbing on certain benchmark products I keep track of. There’s something of a lag between wholesale prices and the retail prices, so I will watch to see if prices start to fall next week and next month. I’m wondering if there is a reliable correlation between how *fast* prices drop and how *far* they will drop. I suppose not. We haven’t had real deflation since the 1930s, so who knows the pattern of unraveling. It will be interesting to see how people react, though.
I just came from the grocery store, and prices are still climbing on certain benchmark products I keep track of. There’s something of a lag between wholesale prices and the retail prices, so I will watch to see if prices start to fall next week and next month. I’m wondering if there is a reliable correlation between how *fast* prices drop and how *far* they will drop. I suppose not. We haven’t had real deflation since the 1930s, so who knows the pattern of unraveling. It will be interesting to see how people react, though.