Comment by patates
8 months ago
Doesn't expectation of inflation increase consumer demand? If I like apples and expect that tomorrow they'll cost more, I may buy more apples today?
Disclaimer: I don't know anything about economics
8 months ago
Doesn't expectation of inflation increase consumer demand? If I like apples and expect that tomorrow they'll cost more, I may buy more apples today?
Disclaimer: I don't know anything about economics
It does but only if there's an increase in the expected rate of inflation as opposed to a one-off shock like we're seeing here.