Nov CPI data shows 6.8% inflation, highest in 40 years

[Freethinker65]

5. Possibly. But I can also see people have found they can live with less crap they do not need.

I work a part time thankless retail job at mid priced retailer in upscale mall outside of Chicago. Anecdotally, our sales are up but many customers are also saying they are upgrading or replacing worn items with better quality items that they hope will last. They complain we have no sales, but are still buying. Company has done very well and has increased minimum pay to $15/ hr with some benefit possibilities depending on hours worked. They have no problem meeting payroll. I have noticed very minor price increases so far, just inventory backorders and fewer discounted items.

I think there will be an over supply of goods after pandemic bottleneck subsides and prices will self correct.

You may be right. We shall see.