Inflation Pulls Back and Prices Do the Naruto Run
Believe it or not inflation is finally taking a backseat! Some categories are now experiencing what we ninja call deflation where prices are actually going down! I guess even prices can't resist doing the Naruto run huh?
Goods Take a Hit Services Stay Shinobi Strong
Deflation seems to be hitting physical goods harder than Naruto's Rasengan. With people stuck at home during the pandemic demand for goods skyrocketed. But now with supply chains getting back to normal and people shifting their spending to services it's time for some serious deflationary jutsu!
Deflation Strikes Popular Goods
From furniture and bedding to men's suits and even college textbooks the prices have gone down faster than Sakura's punches. I hope you didn't buy that new video game console or a fancy suit because you might have paid way too much!
Factors Behind the Deflation Jutsu
There are several reasons behind this powerful deflation technique. A strong U.S. dollar lower energy prices and even attacks by Houthi militias are all contributing to the downward spiral of prices. Looks like the economy is taking a S rank mission to bring prices crashing down!
Services Hold Their Ground
While goods are feeling the sting of deflation services are keeping their ninja cool. Services like airline fares have taken a hit thanks to lower costs for airlines and more available seats. But hey at least you can still fly around in style!
The Measurement Jutsu Behind Deflation
Deflation can be a tricky ninja technique especially when it comes to measuring it. Quality improvements and variations in health insurance make it hard to accurately gauge price changes. So sometimes deflation is only happening on paper much like a genjutsu!
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