MSNBC: Here's how soon prices could go down again, according to experts

[Quixote1818]

There’s not a solid answer, but 2022 seems the worst for inflation with prices leveling out by 2023.
Updated Thu, Jun 9 2022

Pinpointing how soon prices will go down again entails estimating large-scale contributors, such as when global supply chain issues will be resolved and when the Federal Reserve’s interest rate hikes will slow the economy enough to lower inflation. For this reason, and because think tanks, research organizations and economists use varying reasoning, it’s difficult to give a clear answer.

Some, like Alan Blinder, professor of economics and public affairs at Princeton and former vice chairman of the Fed, suggest that inflation will not last for years. “One day, hopefully soon, food and energy prices will level off and the supply chain problems will dissipate,” Binder writes in a recent Wall Street Journal op-ed. When that happens, says Binder, ”...inflation will fall as quickly and dramatically as it rose. We’ve seen it happen before.”

In other words, prices could drop all of a sudden. Blinder also adds that raising interest rates won’t be the end-all solution to lowering inflation.

Investment research firm Morningstar gives a more granular prediction, saying that prices will fall precipitously by next year.

More: https://www.cnbc.com/select/inflation-when-will-prices-go-down/

[brooklynite]

1. "By 2023" is not "soon"...and won't help Democrats at the polls.

[stopdiggin]

4. by 2023 is lightening fast

in terms of inflation (which frankly doesn't care about election cycles) - and that in itself has to be regarded as an 'optimistic' forecast. Very good chance that we will still be dealing with it in 2024 and beyond.

[msongs]

2. hard economic times favor fascists nt

[global1]

3. Is Anyone In The Biden Administration Keeping Track & Monitoring Supply Chain Problems....

with the task of determining the causes and perhaps tweaking things so that we can throw some support to the supply issue causing the problem in hopes of speeding the process that is slowing things down?

Now I realize that one supply issue impinges on another - but if someone could monitor these supply issues - perhaps they could find the bottlenecks (some might be common bottlenecks) and speed the process of increasing the supply. I also realize that some of the supply chain issues are a global issues.

I guess I would support creating a position in the White House and make that a high level task.

Biden says that he wasn't informed about the Baby Formula issues that created the shortages. There might be other similar shortages that can be identified and maybe even invoking the Defense Production Act to alleviate such shortages.

Just a thought. I'm thinking with a knowledge of the issues - we might be able to put our resources together and solve some of these issues.

If we can put a man on the moon - it seems that we have the capability to perhaps solve this problem as well.

[BumRushDaShow]

6. Here -

Remarks by President Biden on Inflation and Actions Taken to Lower Prices and Address Supply Chain Challenges

June 10, 2022 • Speeches and Remarks

USS Iowa
Port of Los Angeles
Los Angeles, California

10:51 A.M. PDT

(snip)

We’re going to keep at it with a new Super [Supply] Chain Envoy, General Steve Lyons. General Lyons is a four-star general. He handled the transportation of a little bit of a thing — he had Transportation Command — only tens of millions of billions of tons of things to move, from little things like tanks, and aircraft, and all of that.

But all kidding aside, he’s come off the sidelines. He’s retired. He’s helped us identify and get ahead of the challenges that raise — that — that arise at our ports, our railroads, and on the road.

This is about reducing costs for families.

You know, I have to admit to you, a lot of us elected officials have been in office for a while. Every once in a while, something you learn makes you viscerally angry. Like if you had the person in front of you, you’d want to pop them. No, I really mean it.

There are nine — nine major ocean line shipping companies that ship from Asia to the United States. Nine. They form three consortia. These companies have raised their prices by as much as 1,000 percent. So everything coming from Asia, they — they get 90-some percent of it — the stuff coming from Asia. They’ve raised it by 1,000 percent.

That’s why I called on Congress to crack down on — and they’re foreign owned — foreign-owned shipping companies that raise their prices while raking in, just last year, $190 billion in profit — a seven-fold increase in one year. Seven-fold increase — $190 billion.

The Senate passed legislation. I’m hopeful the House is going to act soon to crack down on these companies, as I’ve asked, and lower the cost.

(snip)

https://www.whitehouse.gov/briefing-room/speeches-remarks/2022/06/10/remarks-by-president-biden-on-inflation-and-actions-taken-to-lower-prices-and-address-supply-chain-challenges/

His "solutions" don't make good media copy to promote. "Bad news sells".

[MichMan]

5. I can see prices not going up as fast if inflation slows down, but why would prices go down?

If there is a major economic collapse I suppose. Is that what they are predicting?

[onethatcares]

7. "when will prices go down?" my guess

after the richieriches grab every last dime they can from the working class and put us all on the street..

Best I could come up with after years of observation.

[IbogaProject]

8. Nope

Maybe oil and a few oil dependent products. I expect there may be slight shuffling down on food prices if any competition on price develops. These firms now have to try and maintain their gross profits or their stocks get hit.

[Wounded Bear]

9. Right after repubs take over Congress...