Inflation is going down, but most people think that means prices will go back to what they were. That's not what it means, prices will stay this high, they are just going up more slowly now. If inflation went to 0, that just means prices will stay where they are now, you'd need deflation for prices to go back down, or an increase in wages to match existing increases.
And more importantly, wages have not kept up!
Inflation is going down, but most people think that means prices will go back to what they were. That's not what it means, prices will stay this high, they are just going up more slowly now. If inflation went to 0, that just means prices will stay where they are now, you'd need deflation for prices to go back down, or an increase in wages to match existing increases.
...and once you increase wages, all the prices start going up again.