Inflation goes up. Inflation goes down.
Meanwhile, after inflation brought up prices, a decrease of inflation NEVER shows a decrease in prices.
IOW, once prices go high, they remain high, and people just report the lower rate of inflation. Lower inflation does not mean that prices are back to what they were before they inflated.
“Meanwhile, after inflation brought up prices, a decrease of inflation NEVER shows a decrease in prices.”
Right, if there is any inflation at all, prices are going up.
Prices only go down in deflation, when there is a strong recession or a depression. If inflation is 1%, prices are going up 1%.
Nothing new. You’ve been inflation virtually all your life, just like everyone else. If you are lucky, you will experience very little deflation in your life.