this post was submitted on 17 Oct 2023
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Coincidentally, I was just reading a news article about Chipotle doing exactly that - raising prices while losing customers.
Isn't that just price discovery?
I suppose so, but if everyone does it at once within every market sector it seems to just become inflation.
Nah, that's just actual inflation. You know the deficit that the government runs on now, and the bug private-sector and general-public bailouts of the last two decades?
Yeah, that's just printing money. Selling the overall value of the dollar to make ends meet today.
If companies are reporting larger profits after adjusting their prices for inflation then customers are met with inflation that is larger than the reported inflation rate.