[collegeburner]

No, prices and wages are stickier and often don't move as fast as you think, even with digital communication. Menu and shoeleather costs remain serious harms of inflation even if you have some system where it is predictable. Anyway, it is not, look at how many macro people say for months "inflation is transitory" but no.

[empalms]

I’d agree on the wages side! Good point. Price stickiness seems dependent on the nature of the goods and contracts, I would expect at least

[collegeburner]

I phrase that poorly, the problem is exactly that price stickiness is not uniform and the disparity is a big driver of inflation.