Are We Doomed? I Compared Food Prices 3 Months Ago And Now.

To put it mildly, it’s terrifying.

Levi Borba


Dollar Burning — Food Prices Comparison Hyperinflation 2022
Image by Foto-Rabe for Pixabay

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Recently, the FED released the inflation data for the United States. According to their numbers, US inflation during the last 12 months was 8.5%. This number is enough to put us in the worst inflationary cycle of the last 40 years.

I am only 33 years old, meaning that during my lifetime, the most powerful country in the world has NEVER had such an unnerving general price hike.

But things are worse, because:

  • The price increases are accelerating. Fast.
  • Geopolitical problems (for example, the Ukraine War) exacerbate the already strained supply chains and economic chaos caused by consecutive lockdowns.
  • The problem is not localized like in the 70s. It is global. Countries everywhere are announcing record-breaking inflation numbers. The UK, for example, reached annual inflation of 7%.

And the most sinister of all:

  • We can not even really trust this number of 8.5%. In this article, I will tell you why.

We are in an inflationary cycle. The worst of the last…

The current inflation numbers are the worst since the 80s.

But there is a problem: in the 80s, inflation was calculated differently, and this is one of the reasons that during those times it had much higher values.

As explained by the WSJ, the consumer-price inflation index that was used in the 1970s and early ’80s included house prices. The modern version of the index uses a nonmarket rent for owners’ housing costs, which doesn’t include the price of a home.

If calculations were made in the same way as in the 70s and 80s, it is likely we would already have 2-digit inflation.

So, if you are American or European, there is a fair chance that neither you, your parents…