General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe inflation numbers based on the CPI were very high. Highest since 1990. Unfortunately,
this was inevitable with the mishandling of the pandemic, and trump's trade wars
It is reflected the most in food and energy prices, the prices consumers are most effected by
That will be our biggest challenges for the midterns
Lovie777
(12,407 posts)If this was under you know who he'll claim fake news . ..
At least President Biden lives in reality and will try to fix this.
P.S. this is global
doc03
(35,454 posts)gains. The people on fixed income are the real losers.
JohnSJ
(92,526 posts)solve this
Justice matters.
(6,955 posts)Consumers stayed home for some time, so when lockdowns ended, overall demand grew.
JohnSJ
(92,526 posts)It spiked 6.2% in October, from last year and its fastest rate since 1990
While comparing it due to lockdowns may seem unfair, the fact is prices in food and energy are considerably more than they were before the pandemic
IbogaProject
(2,858 posts)There is a rush to restock deleted inventories. That plus the supply chain chaos are rising prices. Also international disruptions from TFG'S tariffs have moved some international supplies away from us. But somehow it is our fault.