However, when you're shopping for Christmas gifts now, things can be very different. There are plenty of freebies, especially consumer electronics, that don't live up to the name but don't get it. The biggest example is the PlayStation 5, which came out a year ago and is still in demand. Scalper's price on platforms like eBay reflects this, but the official MSRP hasn't changed. Apple sold me an iPad on their website, but the estimated delivery date is approaching Christmas and my family is risking visiting me empty-handed. Some used cars are now more expensive than new cars because the new version still has the old official price but is not available.
This economic term is expensive. Mainly because they don't know that demand will grow and don't want to scare off future customers. Here, people willing to pay big still can't get what they want or take advantage of the scandal. You can give your kid some money and tell them to queue up for the PS5, but it might not be what you want but it's a frustration for them.
The big question is how temporary the current economic situation is. The correct answer: not all. And prices can get stuck on both sides: Today, when supply problems are solved by people raising prices because of lack of supply, some people don't fully reverse this increase. And as things get more expensive, PS5 supply issues can still be solved today by parents who can't afford to buy a PS5 for their kids next Christmas.
