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

To put it mildly, it’s terrifying.

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%.