Quote:
Originally Posted by 2021nightshade4x4
Look at this chart, 2009 (-0.4%) was the only deflationary year we have had since 1955. (Also -0.4%). This year, Apr/May/Jun showed 4.2%/5.0%/5.4% rates. If this continues through the end of the year, do you realize how big of an event would be required to “undo” a 5% or 6% inflationary year? With its compounding nature, inflation never truly or fully gets undone (deflation never lasts more than a flash in the pan).
Hint: anyone pissed that their job gives a flat 3% raise each year won’t be concerned about that 3% losing ground, they’ll be out of a job entirely.
Current US Inflation Rates: 2000-2021 | US Inflation Calculator
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We Still Expect Elevated Inflation to Be Temporary | Morningstar
Observed inflation ^^^ is largely due to auto sector, which will not last.
