Target inflation is 2%.
Monthly inflation has been between 3 and 4% for a few months.
http://www.usinflationcalculator.com...nflation-rates
Not ideal, but not disastrous either.
High interest rates are taking a toll and slowing the economy, possibly to recession. Hopefully, inflation gets under 3% soon and interest rates go back down to a sustainable level.
Until that happens, there may be more pain.
Quote:
Originally Posted by bcbgcbrcb
Why does the public have to just sit back and continue to tolerate price increases of everything and just keep paying up? Collectors are certainly not doing that by any means. If our income was increasing at a similar rate, it would be sustainable but income is falling, going in the opposite direction. Can people stop buying long enough to force an economic correction as we hobbyists have seen all to well happening to us over the past couple of years?
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I think it is really difficult to compare collectibles to things like oil or other staples. People can't so easily reduce spending on food, fuel and basic services. But any normal person can easily cut back on their collectibles spending.