During a period of inflation prices rise or manufacturers adjust amounts of product consumers get for their money with “shrinkflation”.
After that period ends what happens to prices? Do they drop or do they just continue to increase at a rate closer to the “normal” rate of inflation and never really go back down?
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I’ve been around a long time and the only thing that brings prices down a bit is competition. Otherwise they stay up. With salaries rising as well as the cost of fuel for transport of goods Employers have to raise prices to make ends meet, this is especially true in the grocery business which works on a very slim profit margin anyway. The folks that get hurt the most are those with minimum or low wage jobs who can’t have or don’t take opportunities to advance to higher paying jobs.
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