>> He didn't get the concept that they would stay at the inflated price unless there
>> is deflation!
A common misconception.
During the inflation in the seventies my Mother taught in a residential school near Leeds. As it was residential there were house staff as well as teachers. The entry qualification for house staff was not high!!
Mum was regularly infuriated by folks moaning that, although inflation was going down, prices were still rising.
One or two reports on the current public sector pay rounds seem to have come close to the same trap. Hear more than one suggesting that inflation falling back as the post Ukraine fuel cost rises drop out of the annual calculation will somehow ease the situation.
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