we’re still talking about inflation as a single number but the price charts always look like thispic.twitter.com/IHHukWjUpV
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If the national narrative is omg look how much prices are going up then, as a business, why wouldn’t your raise your prices?
A few years ago the Canadian dollar went from close to par with the USD to about .75 in a short time. Input prices went up by more than that as prices had been stable for years. The hysteresis was overcome and pricing jumped without the tight competitive limits.
Made in China kept prices down?
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