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Screenshot from FT.com: "The concern among policymakers about food inflation is that shoppers know the prices of everyday items and notice when they rise. This threatens to exaggerate perceptions of overall price increases and make people more militant about seeking pay rises, thereby baking in higher inflation."

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Screenshot from FT.com: "The concern among policymakers about food inflation is that shoppers know the prices of everyday items and notice when they rise. This threatens to exaggerate perceptions of overall price increases and make people more militant about seeking pay rises, thereby baking in higher inflation."
https://tldr.nettime.org/system_nettime/media_attachments/files/110/249/478/530/790/316/original/4d2b55c198cbc45e.webp

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Rasmus Fleischer (rasmusfleischer@tldr.nettime.org)'s status on Monday, 24-Apr-2023 03:16:20 JST Rasmus Fleischer

The way this is written is so hilariously out of touch, like the working classes are simply observing these price increases, rather than feeling the very real hit to their material conditions.
(via r/StupidpolEurope)

In conversation Monday, 24-Apr-2023 03:16:20 JST from tldr.nettime.org permalink