Inflation Expectations Silliness: Shelter, food, energy, medical care services, education expenses (think tuition and books), car insurance, medical care commodities, and motor vehicle maintenance are all extremely inelastic items.
Inflation Expectations Silliness: Shelter, food, energy, medical care services, education expenses (think tuition and books), car insurance, medical care commodities, and motor vehicle maintenance are all extremely inelastic items.