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submitted 5 hours ago* (last edited 5 hours ago) by Clinicallydepressedpoochie@lemmy.world to c/nostupidquestions@lemmy.world
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[-] kinttach@lemm.ee 14 points 4 hours ago

Inflation has been falling for a couple years and is fairly low right now, though not as low as it was back when interest rates were zero.

https://www.statista.com/statistics/273418/unadjusted-monthly-inflation-rate-in-the-us/

The dollar has been fairly strong in recent years.

https://www.marketwatch.com/investing/index/dxy/charts

Inflation in 2022 was likely due to price gouging with companies like Exxon Mobil reporting record or near-record profits at that time.

https://www.macrotrends.net/stocks/charts/XOM/exxon/gross-profit

By late 2022, companies had jacked up prices high enough that the demand curve had likely reached the “crossover” point. Since then prices and inflation have been falling back to normal.

[-] obinice@lemmy.world 12 points 4 hours ago

"we"

.... Might help if we knew what country you were from, mate. Which dollar? Which country?

[-] sun_is_ra@sh.itjust.works 0 points 4 hours ago

probably US

[-] drone509@discuss.tchncs.de 5 points 5 hours ago

Everything I've seen has indicated US inflation rates dropping steadily since 2022. What inflation are you seeing?

[-] deegeese@sopuli.xyz 3 points 5 hours ago

If so, you should be able to see a gradual slide of the USD against a trade weighted basket of foreign currencies. IDK where to get that data.

[-] Gradually_Adjusting@lemmy.world 5 points 5 hours ago

https://fred.stlouisfed.org/series/DTWEXBGS

It's nothing to do with dollar weakness, it's just greedflation imo.

this post was submitted on 20 Sep 2024
-5 points (36.8% liked)

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