Plenty of supply-driven inflated prices did go back down after covid, or after the post-covid inflation shock. Gasoline is one example.
At the same time, USD M2 supply increased an unusual 40% from Jan 2020 to Jan 2022. It only fell a little after. So prices that were inflated for that reason, I wouldn't have expected to fall back down.
I do feel like some local businesses just price according to costs but keep that ratched up if costs fall, like you said.
At the same time, USD M2 supply increased an unusual 40% from Jan 2020 to Jan 2022. It only fell a little after. So prices that were inflated for that reason, I wouldn't have expected to fall back down.
I do feel like some local businesses just price according to costs but keep that ratched up if costs fall, like you said.