Consumers may be getting less “bang for their buck” as companies have begun to offer fewer services in lieu of raising prices, Alan Cole, former staff for Congress’ Joint Economic Committee and policy director at Full Stack Economics.
Generally, inflation occurs when the price of a good increases, so that consumers pay more for what they could previously purchase for a cheaper price. “But there’s another way that inflation can happen, and that’s when you’re paying the same amount, but…
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