Because of these trends, price changes at the farm level in the U.S. have less impact on a percentage basis than ever before.

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High inflation makes it hard for firms and individuals to distinguish changes in the relative prices of particular items from general changes in the average price level, so price signals become blurred.

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Because prices turned around at different times in different metros, and some metros have seen prices rise for 2 years or more, metro-level inventory changes show what might happen to inventory nationally as the price rebound continues.

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