No comment or political objective here. I just want to point out that everyone around the world is experiencing inflation and the US is actually doing better than most countries. The picture below is one of many out there showing global inflation.
I understand that inflation rates may not always reflect actual price increases - inflation may be 4% (since last year) but the cost of dog food could be up 40% (since last year). But I am willing to bet that actual price increases are higher in countries with high inflation than lower inflation.
Again, we are lucky to live in this country for many reasons, one of which is that we are likely feeling it less than most other countries.
|