Price increases have slowed, but getting used to new price levels could take time for consumers.

  • WraithGear@lemmy.world
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    4 months ago

    Its better then more inflation, but like i said, we are still in the lurch, i guess if we ignore all previous inflation then the fact we are breaking even is great news, for those that manage 3% growth in their wages per year. Historically wages are stagnant, and inflation must always climb or the pyramid collapses. Granted i am not versed in economic theory, but i base success in what i can afford per hour worked

      • WraithGear@lemmy.world
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        4 months ago

        I suppose you have a point, i may be confused with minimum wage, and my personal experience. The price hike on all goods seems to be independent from median wage

        • silence7@slrpnk.netOP
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          4 months ago

          Yes, the federal minimum wage hasn’t risen; that’s static and requires an act of congress to change. What happened is that the pandemic also gave a lot of people negotiating power, so the wages most people earn went up more than prices.