“we”
… Might help if we knew what country you were from, mate. Which dollar? Which country?
Anychance all the inflation were are seeing is foreign entities ditching the dollar after seeing the state of things?
Submitted 1 month ago by Clinicallydepressedpoochie@lemmy.world to [deleted]
Comments
drone509@discuss.tchncs.de 1 month ago
Everything I’ve seen has indicated US inflation rates dropping steadily since 2022. What inflation are you seeing?
deegeese@sopuli.xyz 1 month ago
If so, you should be able to see a gradual slide of the USD against a trade weighted basket of foreign currencies. IDK where to get that data.
Gradually_Adjusting@lemmy.world 1 month ago
fred.stlouisfed.org/series/DTWEXBGS
It’s nothing to do with dollar weakness, it’s just greedflation imo.
capital_sniff@lemmy.world 1 month ago
The state of things is the US dollar is still king. We export our inflation because the US dollar is the world reserve currency. Yes there are other states that would be interested in de-dollarizing, but what’s the alternative? Flying planes of gold around the world like Russia?
This unlikely to change in the near future, because there are few other currencies large enough to fill the role and there are exactly zero other countries with anywhere near the military power to maintain reserve currency status.
HobbitFoot@thelemmy.club 1 month ago
A shitload of government debt got created due to Covid and was given to people to spend or invest. A lot of current inflation is tied to that.
kinttach@lemm.ee 1 month ago
Inflation has been falling for a couple years and is fairly low right now, though not as low as it was back when interest rates were zero.
statista.com/…/unadjusted-monthly-inflation-rate-…
The dollar has been fairly strong in recent years.
www.marketwatch.com/investing/index/dxy/charts
Inflation in 2022 was likely due to price gouging with companies like Exxon Mobil reporting record or near-record profits at that time.
www.macrotrends.net/stocks/charts/…/gross-profit
By late 2022, companies had jacked up prices high enough that the demand curve had likely reached the “crossover” point. Since then prices and inflation have been falling back to normal.