this post was submitted on 27 Jun 2023
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Sooo... by slowdown they mean prices will stop rising, but what about lowering?
A deflationary environment is very bad generally because it incentivizes people to not spend money which slows down the economy and hurts everyone.
The healthier thing to do is for wages to rise. Wages are currently rising but slower than inflation (2.9% yoy as of january), and that should make you mad.
Did the price of bread go down after they were caught?
The expense and shame of being caught meant they had to increase it another 10%.
Which time?
I'm sure if we ask the corporations nicely, they'll lower their prices...