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If the target inflation rate is 2% yearly does that mean eventually we’ll see single items be priced at over three digits?
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Basically the title. So like if right now a gallon of milk is $4 and the price increases 2% every year does that mean that in roughly 162 years the price will go up to $100 dollars? Or like if a Big Mac combo costs $10.99 with the same inflation rate yearly does that mean that in 162 years a Big Mac combo will cost $274!!?? Or like is that not how inflation works and it’s just 2am and I should go to sleep???
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- 6 months ago
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