Re: Inflation or Deflation 02 (Aug 14 - Dec 22)
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Prices Will Fall Soon, Economists Say
Inflation is now on a downward trend in 2022.
by ELLEN CHANG
Source: The Street
https://www.thestreet.com/investing/inf ... ists%2BSay
Inflation is now on a downward trend in 2022.
by ELLEN CHANG
Some supply chain constraints have eased and demand has declined.
The reason for why inflation will peak by mid-year is because of economic slowdowns globally, especially in China and Europe.
“Europe is slowing due to its inability to secure a sufficient amount of energy at a reasonable price to facilitate economic activity,” he said.
“Housing inflation will be elevated through the end of this year and possibly into 2023.”
For two years during the pandemic, consumers spent 65% of their money on goods and 35% on services as businesses were shut down. Spending shifted back to normal allocations of 65% on services while 35% was spent on goods this year.
Source: The Street
https://www.thestreet.com/investing/inf ... ists%2BSay