The longer that the surges in prices continue in the US, the greater the chances that consumers’ psychology about inflation could shift in ways that become self-perpetuating: Prices would rise because everyone expects them to.
source https://www.smh.com.au/business/the-economy/the-genie-s-out-of-the-bottle-inflation-is-here-what-now-20210514-p57rvy.html?ref=rss&utm_medium=rss&utm_source=rss_feed
source https://www.smh.com.au/business/the-economy/the-genie-s-out-of-the-bottle-inflation-is-here-what-now-20210514-p57rvy.html?ref=rss&utm_medium=rss&utm_source=rss_feed
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