You’re painting with a broad brush and in doing so you’re covering up weaknesses in the runaway inflation story.
Natural gas is down 16% in the last 12 months.
Gasoline is down 28%.
Steel is down 17%.
Soybeans are down 26%.
Obviously these are wholesale prices and obviously there are plenty of markets with upward pricing, but its inaccurate to overstate inflation. I wanted to offer the price actions listed above as a counterpoint to the “who are you going to believe” argument, since these are all public, listed markets not susceptible to government manipulation.
(By the way, as to groceries, Adobe’s Digital Price Index showed that the price of groceries purchased online dropped 3.7% in August, the largest one month decline since the index was created ten years ago.)
I don’t know where you shop but prices at my local Shop Rite, owned by the Wakefern Food Corporation are through the roof, especially for beef.