Inflation here? gas/grocery prices just continue to climb

UncleTrvlingJim said

I don't think we really want any deflation. I think what you want to see is inflation level off back to under 3%, and average wages increase to catch up with price inflation.

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I'm not sure that's possible. Wages aren't growing at a rate that would replace the lost purchasing power. If wages do bump up enough to outpace inflation, then you'll see inflation trending higher again. I think some temporary deflation will be necessary to return to something close to equilibrium compared to the normal relationship in recent decades.