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US inflation hits 3% for first time since January (www.bbc.com)

submitted 2 weeks ago by cm0002@lemmings.world to c/usa@midwest.social

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[–] whiwake@sh.itjust.works 7 points 1 week ago (1 children)

Prices are not going to come down. There will be no natural ebb and flow. They will just stay high even though that makes no sense

[–] jacksilver@lemmy.world 5 points 1 week ago

That's just how prices generally work, inflation is just a constant in normal times. However, you're supposed to have things like wage growth to offset rising prices so the effective cost of living either goes down or stays the same. We were starting to see that towards the end of Bidens run as president, but I suspect all those gains have now been lost due to republican policy.