this post was submitted on 30 Dec 2024

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China's Xi Jinping asked 'What’s so bad about deflation?' amid economic slowdown, report says (fortune.com)

submitted 1 week ago by schizoidman@lemm.ee to c/worldnews@lemmy.ml

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[–] Sauerkraut@discuss.tchncs.de 5 points 1 week ago

Consumers living paycheck to paycheck don't have the time or energy to pay attention to inflation. If they can afford something they need then they buy it. If you need gas for your car then you buy it regardless of the price.