re: Greed-flation AKA Sellers Inflation Do you Believe it?

Why would most of the companies reduce their prices? For many products, customers proved that no matter what the price, they were going to purchase. Maintaining pricing while reducing costs brings in more profit, which is the point of running a business. The only thing that will end the trend is a company undercutting competitors prices, but unfortunately many industries in today's market simply lack competition