Inflation’s Wild Ride | Inflation has surged and moderated since the pandemic. As the presidential election approaches, politicians are focused on who is to blame. How did we get here? (www.nytimes.com)

submitted 3 months ago by silence7@slrpnk.net to c/usa@lemmy.ml

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Price increases have slowed, but getting used to new price levels could take time for consumers.

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[-] atzanteol@sh.itjust.works 7 points 3 months ago

Who is to blame? The US economy is a crazy complicated system with many free actors.

To think that it can all be distilled down to just the president is ridiculous. We don't live in a centrally planned dictatorship.

[-] silence7@slrpnk.net 4 points 3 months ago

The key thing is that it dropped down to around the long-term average of 3% per year. And did it quickly and without a recession. That combination is downright amazing.

this post was submitted on 27 Jun 2024

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