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To: Perseverando

one of the results of the virus scare Lockdown has been some much, much higher costs for many groceries, restaurant food, and a number of additional things in the marketplace

which is a clear form of inflation, yes


7 posted on 07/08/2020 9:33:44 AM PDT by faithhopecharity (Politicians are not born, theyÂ’re excreted. Marcus Tullius Cicero (106 to 43 BCE))
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To: faithhopecharity
The higher food prices aren't a function of inflation, but of higher costs for the producers and retailers.

Grocery store chains have been dealing with an ongoing supply-chain problem tied to absenteeism in their warehouses. Many of them have responded by paying bonuses to loyal workers to get them to stay on the job. And a restaurant that can only open 25% of its seating area can't even cover the cost of opening the doors unless it charges its customers higher prices.

Look how many things have seen DECLINING prices in recent months. Gas prices are only beginning to recover from a historical decline a couple of months ago. Commercial rents are through the floor in many places.

33 posted on 07/08/2020 10:40:46 AM PDT by Alberta's Child ("We're human beings ... we're not f#%&ing animals." -- Dennis Rodman, 6/1/2020)
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