• Jai1
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    1 year ago

    During periods of inflation reducing or deincentivising spending are the ways to reduce demand. Inflation in restaurants and recreation, air fares are not down to these factors that you list, they are down to there being more demand due to some groups of people having more money after building up savings and paying off debt in the pandemic when they couldn’t do these things. The way to reduce demand for these things are additional taxes on groups that are spending on them now.

    • noodle
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      1 year ago

      Two of the most inflated costs are food and energy. Essentials that demand cannot be reduced beyond a certain point without people dying.

      Food is a consequence of Brexit and the increasing cost of importing, energy is a consequence of all energy prices being artificially high due to the price of gas.

      There are ways to fix both of those, but they aren’t popular with Tories.

      • Jai1
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        1 year ago

        Core inflation strips out food and energy and is going up in the Uk and down pretty much everywhere else.