Odd Lots
All Those Real-Economy Pandemic Price Surges Are Going in Reverse
Making molehills out of mountains.
A pile of lumber outside a house under construction at the Norton Commons subdivision in Louisville, Kentucky, US.
Photographer: Luke Sharrett/BloombergThis article is for subscribers only.
It’s no secret that disruptions caused by the outbreak of Covid-19 sparked a big wave of price increases.
As supply chains snarled and demand patterns shifted, the world economy experienced a sudden ‘whack’ to its normal workings, culminating in shortages of goods and inflated supply-chain costs. Fast forward to 2023, and many of these dramatic moves are shifting into reverse.