this post was submitted on 16 Jul 2024
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[–] OldWoodFrame@lemm.ee 0 points 4 months ago (1 children)

Sounds like you didn't understand it. I'm not saying prices aren't higher than they were years ago... prices always go up long term, the target is 2% per year. That's not the question. The question is whether inflation has been tamed, meaning will prices rise wildly in the future or are we back to normal inflation rates. So going forward, will inflation be 2% like normal? Or are you claiming it will be higher?

Right now you're not even answering the question you're just saying it was higher in the past, which isn't relevant to whether it is tamed now.

[–] abracaDavid@lemmy.today -1 points 4 months ago

Good lord.

No I don't think that there will be another huge swing because no one would buy things.

Having inflation just slowed down instead of reversing it is not tamed.

Pedantic mother fucker.