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Lemmy Shitpost@lemmy.world · 3 months ago

Inflation?

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Inflation?

ZeroCool@slrpnk.net to

Lemmy Shitpost@lemmy.world · 3 months ago

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Knock_Knock_Lemmy_In@lemmy.world
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3 months ago
The primary cause of inflation is a massive increase in the money supply
- DragonTypeWyvern@midwest.social
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  3 months ago
  Sure. The 20% inflation since 2020 is why food prices have doubled.
  - Knock_Knock_Lemmy_In@lemmy.world
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    3 months ago
    During the last federal election on Nov. 3, 2020, food inflation was running at just 3.9% annually. Fast forward to March 2024, and the latest data shows food prices have risen a whopping 25.8% since then.
    
    Money supply has gone from 15.5 to 21 = +35% over the same period

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