Try the Australian method. Raise interest rates with the hope that a lot of the population will have less money now and this will lead to spending habit changes that force prices down. That is bound to work especially when it comes to essentials like groceries. Actual outcome
Try the Australian method. Raise interest rates with the hope that a lot of the population will have less money now and this will lead to spending habit changes that force prices down. That is bound to work especially when it comes to essentials like groceries. Actual outcome
https://www.sbs.com.au/news/article/how-are-big-banks-making-profits-in-a-cost-of-living-crisis/2kdw48sml
https://www.theguardian.com/australia-news/2023/dec/03/coles-and-woolworths-to-face-senate-scrutiny-amid-claims-of-profiteering
But yes it does mean that people have less money now.