COVID 19 enriched majorities while the minorities suffer.
The current increament in the cost of commodities in the market is alarming bad yet the majorities who are representative of the minorities (politicians) seem to pay less concerned.
This increament before now was tag to be as a result of Covid 19 which interrupted importation and exportation of good and services.
It is expected that with the decrease in the Covid 19 spread I thought their will be a corresponding decrease in prices of price the reverse is the case.
My question remains is their any hope for price decrement.
I think you are talking about the inflation levels of the economy surprised to see a few answering in terms of Bitcoin pricing. I think inflation was sort of expected because of the increased money supply from last year. Also the ideas of basic minimum income further escalated the inflation in the economy. Now with economic growth downward this is creating a very negative scenario. Increased prices with decreased GDP is a very bad indicator of the economy as the poor would suffer a lot. Only way out of this situation is to increase further supply even more to drive customer demand and rectify the situation but this is quite risky as it could create a debt trap sort of inflationary scenario.