There's a Wall Street mechanism called "exchange swaps" where investors essentially bet amongst themselves what inflation is going to be. The current market suggests 2.1 percent over the next twelve months.
Both the Consumer Price Index and the Personal Consumption Expenditures Index show a current rate of 3 percent or less...and falling.
Now, you could stretch your timeline back as far as you want, a la stupid Tom, to make the current situation look as bad as possible. Yes, groceries cost about 25 percent more than they did in 2020. But that's far from the whole story. Wages are also up...and yes, even over the past few years, they have kept pace with inflation. (This is where Tom comes up with some chart that distorts the picture.)
Another fallacy of the inflation whiners is that the inflation we have experienced is a GLOBAL phenomenon, and ours was much less severe than almost anyone else's. Again, this is where Tom tells us that Luxembourg experienced zero inflation. But the reality is...we can only measure the success or failure of the Biden administration in curbing inflation by comparing it to similar efforts in other modern industrialized nations and the results thereof.
Right?
And how does the Biden administration's performance look by comparison?
Pretty good, right?
Republicans? Yo? Still there? You idiot cornholers.