335
U.S. inflation falls to 3%, lowest level in more than 2 years, as price pressures ease
(www.politico.com)
this post was submitted on 13 Jul 2023
335 points (95.6% liked)
Uplifting News
11418 readers
17 users here now
Welcome to /c/UpliftingNews, a dedicated space where optimism and positivity converge to bring you the most heartening and inspiring stories from around the world. We strive to curate and share content that lights up your day, invigorates your spirit, and inspires you to spread positivity in your own way. This is a sanctuary for those seeking a break from the incessant negativity often found in today's news cycle. From acts of everyday kindness to large-scale philanthropic efforts, from individual achievements to community triumphs, we bring you news that gives hope, fosters empathy, and strengthens the belief in humanity's capacity for good.
Here in /c/UpliftingNews, we uphold the values of respect, empathy, and inclusivity, fostering a supportive and vibrant community. We encourage you to share your positive news, comment, engage in uplifting conversations, and find solace in the goodness that exists around us. We are more than a news-sharing platform; we are a community built on the power of positivity and the collective desire for a more hopeful world. Remember, your small acts of kindness can be someone else's big ray of hope. Be part of the positivity revolution; share, uplift, inspire!
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
well, if it went negative it becomes deflation
Yea I’m just pointing out that prices are not going to come down and will only keep going up albeit more slowly than before
I suppose you can point that out, but it's worth saying that the deflation that'd be required to decrease prices would be way more catastrophic than the semi high inflation we experienced. With deflation people are encouraged to keep their money in the bank instead of investing or spending, which means businesses lose profits and banks become more hesitant to lend, which means businesses fail and lay off workers, which means less consumer spending and investing and so on. Deflation leads to the economy collapsing while modest inflation leads to economic growth.