You are reading a single comment by @dicki and its replies.
Click here to read the full conversation.
-
Is there any analysis that attributes inflation movements across different causal factors e.g. pandemic demand vs. food and energy supply vs. British workers demanding higher pay because it's now harder for their employers to hire from the EU?
I figured maybe pandemic demand has washed through the system by now?
wasn't it more to do with the pandemic closing everything down and the sudden bounce after restrictions being removed. wasn't that the trigger for inflation. with so many thing being closed during the pandemic people saving money then spending 18 months worth of cash on stuff they didn't really need pushed inflation up
plus oil and gas price rises due to the war in ukraine
lots of factors around the pandemic which aren't effecting the economy in the same way now
and is it tax revenues being increased or society seeing a good return on their investments due to higher interest rates saving money or taking cash out of circulation ( i.e not spending ) , and future prices seen as being cheaper that is slowing spending. if you think you can get a washing machine cheaper in 6 months you'll possibly delay the unnecessary upgrade to your washing machine for 6 months in the hope you'll get it cheaper.