- Google searches for inflation have plunged in the US, signaling Americans are less worried about it.
- Inflation is driven by inflation expectations, as workers demand higher wages, pushing up prices.
- Nobel laureate Paul Krugman said the drop in searches means inflation isn’t an urgent problem now.
Americans are running internet searches for “inflation” far less often than a year ago. That could mean rising prices no longer pose a serious threat to the US, Paul Krugman has said.
“One key point: inflation becomes a much less urgent problem once it drops below the threshold at which people notice it all the time,” he tweeted on Saturday.
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