it's not inflation if it just gets more expensive. A rice inflation would mean there is too much and the price would drop but it's the oposite, it's a shortage. Arguably it's a food deflation. And it's due to extreme weather due to climate change.
Silly Headline Writer (i didn't click on the article if anyone is wondering)
it’s not inflation if it just gets more expensive. A rice inflation would mean the grains become bigger and the price would drop, but it’s the oposite. Arguably, it’s a food deflation. And it’s due to the excess of water. Silly Comment Writer (i did click on the article, but did not read it, if anyone is wondering) /s
6 Comments
Jeredin@lemm.ee · 15 pts · 2y
What's that got to do with the price of rice in China? .... Wait
livus@kbin.social · 2 pts · 2y
I think South East Asia is likely to be hit hard by India's rice export ban.
Napain@lemmy.ml · -20 pts · 2y
it's not inflation if it just gets more expensive. A rice inflation would mean there is too much and the price would drop but it's the oposite, it's a shortage. Arguably it's a food deflation. And it's due to extreme weather due to climate change. Silly Headline Writer (i didn't click on the article if anyone is wondering)
tocano@lemmy.ml · 7 pts · 2y
it’s not inflation if it just gets more expensive. A rice inflation would mean the grains become bigger and the price would drop, but it’s the oposite. Arguably, it’s a food deflation. And it’s due to the excess of water. Silly Comment Writer (i did click on the article, but did not read it, if anyone is wondering) /s
Napain@lemmy.ml · 0 pts · 2y
that's like saying a inflation of the dollar is when the dollar bills get bigger
tocano@lemmy.ml · 2 pts · 2y
I don't know about that one chief