I'm not asking if inflation currently exists - it definitely does - but I'm more curious to know if it actually is a big deal? Is it just a transitory thing or are there actual warning signs for larger issues?
Someone who is good at economics please explain
Inflation is when you've got a giant bottle neck at ports of call. And the bigger the bottleneck, the more inflation you've got.
:-p
Everything I've read suggests this is a temporary problem with shipping and not a real resource constraint, a fundamental problem with productivity, or a surge in demand.
Maybe everything I've read is wrong/bullshit, but the whole "US/UK literally doesn't have enough truck drivers" thing seems to imply solving the bottleneck will resolve the supply shortage and return prices to a more normal level.
Ime prices go up but they never really come back down
Gas prices jump around all the time. I remember when they were pushing $5/gal and when they fell back down to under $2.
And the McRib Arbitrage has been a thing since the 90s at least.