Inflation Again
I have written about inflation many times on KTK, here, here, here, here, and here. The last one listed was from 2016, and begins: “The government provides inflation statistics by year. Here are the statistics for the years 2006-2016. You might be surprised to find that last year’s inflation was only 0.7%.”
In today’s paper nearly every article references inflation, blaming Biden, Putin, oil companies, greedy corporations, too much stimulus, not enough stimulus, supply chains, pandemic, rising wages, devaluation, Federal Reserve missteps, on and on. There’s plenty of blame all around.
People are making adjustments. Chicken instead of beef. Veggies instead of chicken. Next...a crust of bread dipped in water. Who knows? We have one place which has had avocados for 89 cents for years. Recently, .99, then 1.19. Mrs. sp just bought one...for $1.49, pretty rapid inflation.
How’s it going in your area? What adjustments have you made? Where will it end?
There’s even inflation in the plant world. Our wonderful productive lemon tree here at the condo produced a mutant this week. We could hardly believe our eyes.