Been shopping lately?
I noticed canned food prices jumped from around 55-cents to 87-cents. That is about a 60% increase in the last month.
I noticed at another local grocery yesterday that similar canned food prices were in the 75-cent range, where previously they were in the 50-cent range about a month ago.
LOl!!
That’s the better halve’s job
I think the reason we have not yet seen inflation is that we are in a deep recession, with unemployment around 10%. Recessions tend to put downward pressure on prices, with people having less money to spend.
I would expect that when and if the economy picks up again (and it’s hard to know when that will be, cause businesses are afraid to hire people and take risks when there is an anti-capitalist marxist in the White House), the inflation will come with it.
It could even be hyper-inflation-like the price of a loaf of bread going up tenfold within a day. Nobody’s really sure, cause we are carrying an unprecendented amount of debt.