Will Prices go "UP" or "DOWN"?
I'm not really an "expert" with studying CPI research but the the "VIP" era of "price theory" is if we understand the pre-1950's we understand it all?
Basically? The more we understand the better and the more we can really say we understand whats going on with the economy at whole?
1. prices changed the "most" between March 1970 and November of 1991 even with today changes its not as much as "back then"
2. prices int he United States have remained (surprisingly?) fairly "stable" in the 1990's to 2010? Its ironic that after the "crash" was over from 2008 housing bibble that the prices actually got to me more volatile not less?
3. Today we are at a major "turning point"? and the basic question is will "price" go up or down after a major world health epidemic???? It might not be as simple as you think? For example after a major financial collapse typically prices go down because money is "more valuable or is in less supply? However if is about 3%+?