Inflation Still Got Us in a Chokehold? 😫💸 Why Prices Still High Tho?
The pandemic drove up inflation. How come, years later, we're still paying more?. Inflation be hitting different, and not in a good way. Prices went 📈 during the pandemic, but why they still sky high, even now? Blame the supply chain, government spending, and that urge to online shop. Is corporate g
TL:DR
Inflation be hitting different, and not in a good way. Prices went 📈 during the pandemic, but why they still sky high, even now? Blame the supply chain, government spending, and that urge to online shop. Is corporate greed playing us? 🧐
The Deets
Okay, fam, let's keep it 💯. Inflation is still a major vibe killer. Like, we were already struggling, and then the pandemic happened, and prices just went ballistic. Statistics Canada is dropping truth bombs that the price hikes are still here, even tho the pandemic is like, so last year. So, what gives? 🤔
Turns out, it's a whole mix of factors. Supply chains were acting sus – factories shutting down, no raw materials, and shipping costs going through the roof. Then the government started throwing money around like confetti 💸, and that lowkey fueled inflation. Plus, everyone was suddenly online shopping and remodeling their cribs, so demand went crazy. Don't even get me STARTED on gas, food, and transportation prices...
The article suggests that we got to side-eye that government spending tho. Cause apparently the bank is saying that the spending gave mad adrenaline to this inflation stuff. Also, the war in Ukraine messed with our supply of gas and all the other stuff we need to get by.
Now, is it corporate greed? Some people be asking if companies are just trying to finesse us and keep prices artificially high, because they're greedy. And to top it all off, Mother Nature is throwing shade with droughts and heatwaves messing with food prices. 💀
Will prices ever chill? Maybe, but don't hold your breath. Government spending is still kinda high and unless we hit a recession, prices may never go back to what they were. So buckle up, besties, it's gonna be a wild ride. 🎢
Abbreviations Glossary
| Abbreviation | Full Form |
|---|---|
| keep it 💯 | Keep it honest / real. |
| Vibe Killer | Something or someone that ruins the mood or atmosphere. |
| acting sus | Acting suspicious. |
| confetti | The definition is literal but can refer to something being in abundance |
| cribs | Houses or apartments. |
| finesse | Manipulate a situation for personal gain. |