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by mediaman
915 days ago
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When people say "inflation is easing," they do not mean negative inflation. We have a word for that: deflation. "Inflation is easing" means the rate of inflation is declining. If they meant deflation, they would say deflation, not easing inflation. One a new price level is hit, if it is then stabilized, the price level is not inherently good or bad. The goodness or badness of prices is based on the purchasing power that people have to buy those goods. Real wages are still up, so it's not obvious that "things are getting worse." |
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