I expect prices to accelerate after the lockdown is over. In short, the Federal Reserve is pumping massive amounts on new money into the economy and, at the same time, the production of goods and services has declined. Less supply more monetary demand is a prescription for higher prices.
Egg prices for grocers across the U.S. averaged $3.01 a dozen at the end of last week, compared with 94 cents at the beginning of March, according to U.S. Department of Agriculture data.
https://www.economicpolicyjournal.com/2020/04/first-sign-of-accelerating-price.html
No comments:
Post a Comment