I don’t know why the Republicans are letting the media and the democrats lie and minimize what is really happening. If you compare prices today to what they were last year you are including 9 months of Trump when inflation was under control. If you annualize inflation that has occurred since Biden took office it is 10% and increasing every month.
I know what you mean — the Republicans are yet again just laying low and letting the Dems and their lapdog media control the narrative. They should be screaming from the rooftops what the monetary policy is doing and how inflation is going to kill everybody, especially fixed-income seniors. Compounding the damage is soaring real estate prices which are sending property taxes to the stratosphere. So fixed income seniors lose purchasing power of their life savings and then get taxed out of their homes.
It is absolutely criminal what these bastards have done.
Lumber is up 500% in less than a year! A whole pallet of OSB was stolen from a construction site near me (North Idaho) yesterday worth $10,000.
So many commodities are up 100% to 500% in ONE YEAR. Labor is short because of the free money paying people not to work. So you have sky-high materials costs and no labor. What a recipe for monetary disaster.