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In Reply to: That's supply & demand, not inflation (nt) posted by Triode_Kingdom on April 22, 2021 at 19:34:10:
It is a two part thing...now keep in mind from this 'explanation' that I did not thorough economics courses, nor did I get an A in the ones I had to take for my Mechanical Engineering degrees.
Inflation is indexed off price increases on a specific set of goods. Inflation in the States is different if fuel prices are included or not. None of these care what the supply is, they just calculate based on price.
For Rod's type 45 example, it is sure that supply and demand are having an effect on the price increases, but when counting inflation, that bit matters not.
cheers,
Douglas
Friend, I would not hurt thee for the world...but thou art standing where I am about to shoot.
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- RE: That's supply & demand, not inflation (nt) - PakProtector 06:15:52 04/25/21 (0)