Inflation has come down partly because many of the items we buy, from clothes to computers, have got cheaper as a result of technological innovation and the relocation of production to low-wage economies in Asia.
Inflation rates have reduced significantly due to various factors, one of which is the decreasing cost of consumer goods. Many products, including clothing and electronics, have become more affordable thanks to advancements in technology and the shift of manufacturing to countries in Asia with lower labor costs.
This trend illustrates how globalization and technological progress can directly impact economic conditions, making it possible for consumers to enjoy lower prices. As businesses continue to innovate and seek cost-effective production methods, the overall inflationary pressures are likely to remain moderated.
