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by 0x000000E2
1871 days ago
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House and auto prices are up because demand is historically high. Same thing happening with travel trailers, chips, gas, and remodeling supplies. It's all people doing stuff to avoid COVID. Even groceries, since most people aren't going to restaurants and packaging for retail vs commercial foodstuffs is very different. True inflation the value of the dollar vs other currencies would drop, and it hasn't. The demand for this stuff and price increases and shortages are worldwide. Worldwide price increases are a shortage, not inflation. Inflation is just the messaging from dishonest right wing news trying to cast a bad light on the historic economic recovery under Biden and hoping people won't do their own research. |
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The dollar index has dropped about 10% since 2020.