• Admiral Patrick@dubvee.org
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    11 months ago

    So if inflation is down, and prices are still high, is that not inflation but “greedflation”? And yeah, we’ve been sick of it.

    If it were only inflation, corporate profits wouldn’t have been record at record highs.

    • tempest@lemmy.ca
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      11 months ago

      I mean lower inflation is not deflation. The rate of change is just smaller than it was.

      I have never seen a product with a “new look” that actually got bigger. In fact I often see them do a fun little transition where for a bit they are branded as “having 25 percent more” in the new size which is just the same as the old one.

    • Pistcow@lemm.ee
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      11 months ago

      worked for a food distrobutor during covid and they had a meeting about jacking up prices on covid supplies and all other items. At the time I said the covid supplies was a big issue. All other goods were jacked. Sales VP was like, nope, full steam ahead. I even did a whistle blower complaint to the Gov’mnt with all the documents. Nothing ever came of it.

      • Jesus@lemmy.world
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        11 months ago

        I feel like this is the real barrier to whoever gets stuck in white house and fed. A lot of people don’t realize this is the new baseline. That’s how inflation works.

        The solution isn’t deflation, it’s increasing wages.