The new inflation figure was down sharply from a 4% annual rate in May, though still above the Fed’s 2% target rate.
  • sebinspace@lemmy.worldEnglish
    335·
    1 year ago

    Worth noting that most nation-states will aim for an inflation rate of about ~3-4% annually to account for things like a growing population

    • capr@lemmy.worldEnglish
      62·
      1 year ago

      Nonsense. If the population grows then that means there would be more demand for money, not less. If inflation goes up in this scenario, then that can only mean the money supply has increased. Theres nothing wrong with deflation.

      • protist@lemmy.worldEnglish
        11·
        1 year ago

        Am I reading this right, that you think if there’s more demand for money it would drive prices down? That is incorrect