Supply chains, worker wages and the price of energy has been blamed for the current bout of high inflation. But central bankers around the world are starting to clue in to something consumers have been aware of for a while — corporations just aren’t afraid to raise their prices anymore.

  • Nik282000@lemmy.ca
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    8 months ago

    Nowadays with wages stagnating (even reducing in some situations) and immigration being so prevelant we have a situation of more people having less to spend but overall more money being injected into the economy having a similar inflationary impact.

    Which is why raising interest rates is not going to fix things. People don’t have a surplus of wealth so disincentivizing borrowing/spending isn’t going to work.