Inflation rose slightly in December as fight to tame prices continues
Officials have long warned that getting inflation down to more normal levels will take time and include bumps along the way.
In economics, inflation is a general increase in the prices of goods and services in an economy. This is usually measured using the consumer price index. (Wikipedia)
Supply is a fundamental economic concept that describes the total amount of a specific good or service that is available to consumers. Supply can relate to the amount available at a specific price or the amount available across a range of prices if displayed on a graph. (Wikipedia)
Greed is an insatiable desire for material gain or social value, such as status, or power. Greed has been identified as undesirable throughout known human history because it creates behavior-conflict between personal and social goals. (Wikipedia)
Joe and I live on the Cape, a small village called Truro, which is about 5 miles from a larger town called Provincetown. Truro has no supermarket so as to not travel further than 30 minutes to shop, Joe and I will travel to Provincetown to buy groceries. Provincetown is at the very tip of Cape Cod, so if we needed groceries heading east, our next stop would be somewhere in Great Britain. Cape Cod begins at Bourne MA which is approximately 65.1 miles west of Provincetown, about 1 hour and 18 minutes off-season, and in season, a dreaded journey where one might be inclined to pack an overnight suitcase.
Provincetown has ONE Supermarket, a sad kind of ill-lighted, kind of dismal interior, but as they say, location, location, location, is a priority so, we must shop there. I have mentioned before that for a long time Joe loves Cool Whip, and as a great husband when I shop, of course, I purchase Cool Whip. In the summer at our Super Market, Cool Whip can cost as much as $4.35, in the fall it may cost $3.65, and in the winter at this super market oftentimes you can get two Cool Whips for $4.00. So I must BEG the question are the seasons the cause for inflation of prices, or just GREED?
Provincetown has a large chain of Gas Stations, one major site is located as you enter Provincetown, and all summer long the price of Regular Gas has fluctuated from $4.50 a gallon to $4.75 a gallon. If you drive about 30 minutes, west, away from Provincetown to a small town called Eastham, the same chain of Gas Stations has sold gas during the summer from a range of $4.25 to $4.50 a gallon. However in the fall and now winter Gas Chain now is selling Regular Gas in Provincetown, for the bargain price of $3.89, and in Eastham and further west on the Cape, there awaits a real bargain from the same Chain of regular gas at $3.39. Hmmmm, location, location, location.
This BLOG is not about the price of things, BUT IT IS ABOUT, how the price of things is generated. Inflation is a man-made product. Man made to raise when necessary man made to lower if necessary. Let’s start talking about, as I see it, the real culprit regarding inflation is GREED!
