Inflation is like an all you can eat buffet. At first it is a great deal but then you eventually overdo it and get sick. We have low unemployment, rising wages and strong consumer demand and suppliers are making more money. A core element of the inflation is the logistics component and the logistics bubble will pop within the next year which will relax pressure on pricing to some extent. It might take 6 months to a year for the supply chain pressures to subside a bit but when it does it will releive pricing pressure significantly. As it always does though, inflation just keeps going until it moves way past the equilibrium point and starts causing harm and then the FED moves in and sends warnings with interest rates hikes and the market starts pulling back and over reacts.
This is the Fastest economic recovery in history. This chart tells the tale of current inflationary pressures better than any other metric:
Soaring inflation could hamper Biden’s effort to narrow wealth, racial disparities Biden campaigned on addressing structural inequities. Rising prices could jeopardize that. https://www.politico.com/news/2021/12/11/soaring-inflation-wealth-racial-disparities-524111
In other news, Usurper-in-Chief, Joe Biden feeling the love for his extreme liberal policies. Who would have thought, he, Bernie Sanders and Alexandria Ocasio-Cortez would be such good buddies. They are all loving these high consumer prices on just about anything. GWB and other ET trolls, enjoying yourselves, loving the extreme liberal policies of your leader? https://www.yahoo.com/gma/president-bidens-job-approval-sinking-120000801.html