The problem going forward into 2024 could be DEFLATION.
Especially for real estate. There are people who bought the top of the real estate markets in some locations. Austin and San Fran for example.
Some real estate prices are already down 20-25%.
Automobiles are also not selling very well. New car prices have been coming down. This also puts pressure on used car prices.
What is NOT coming down is the price on anything in CVS or Walgreens. I think we are all paying extra to make up for all the LOST merchandise in other areas. For example, I bought a Zicam Nasal Spray this morning at Walgreens. The last time I bought it I paid $11.99. Toady it was $16.39. Buy one get 50% off on the second. So, I bought two.
So, there is inflation on small things and deflation on big ticket items.
And the price on BANANAS š HAS
Not changed for Years !?!
.
What’s up with That?
I expect that too
And with those who bought overpriced automobiles with money loaned against those inflated prices......
I’ve never really recovered from 2008.
As such my immediate debt is rather small.
” I bought a Zicam Nasal Spray this morning at Walgreens... Toady it was $16.39. “
Single unit price $10.98 at both Walmart and Amazon.