I thought there would have been a huge impact on currency exchange rate but nothing dramatic seems to happen to now, why is that?
Note: Sorry for unclear title but due to the rule I can’t make the title related to what I want to mention to. And also I couldn’t find any eli5 related to what I’m looking for.
Edit: solved, thanks everyone!
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Consumer goods prices usually increase pretty slowly, so it’s not very noticeable. If it was, we’d have big problems. Inflation panic can quickly spiral out of control. Some products have been artificially inflated in price due to sudden skewing of their typical supply/demand. Those products, like construction materials, will come back down in price as supply chains return to normal. But they will probably still be a little bit more expensive than they were 2 years ago, due to the genuine inflation that occurred during that time.
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