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smeyer | 2 years ago

Prices are much stickier for some products than others. There's a big difference between a lot of commodities being sold wholesale (oil or steel or whatever), products sold to consumers (cars or oreos), and services (especially ones with a personal touch or relationship like you mentioned).

I think it would take a lot of deflation for most salons to lower prices versus just delay future increases, but prices regularly fluctuate up and down at the grocery store or used car lot.

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