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Paul Krugman

@paulkrugman ↗

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Last Checked Aug. 2, 2022

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Wed Jul 06 14:08:48 +0000 2022

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Paul Krugman @paulkrugman

And retail prices are still a long way from reflecting the crash in wholesale prices, down almost $1 a gallon from the peak 8/ https://t.co/EWa89wGI0i — PolitiTweet.org

Posted July 6, 2022

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Paul Krugman @paulkrugman

So far they don't, although when we get numbers for June they may not reflect the recent downshifting in expectations. In particular, retail gas prices didn't peak until mid-June 7/ https://t.co/VepIpM7bnc — PolitiTweet.org

Posted July 6, 2022

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Paul Krugman @paulkrugman

But the stagflation narrative is really collapsing. Unfortunately, it won't go down without a fight. A lot of economic commentators have been waiting years for the chance to posture sternly against runaway inflation, and really, really won't want to back down 9/ — PolitiTweet.org

Posted July 6, 2022