Chuck Todd from Meet the Press showed a map of the states with the highest inflation. Every state with high rates is Republican. Same states also have low Covid vaccination rates. Those same states have the highest Covid infections and deaths.
The states lie between the Rockies and the Mississippi River and all the Confederate states. One reason for their infection rates is governments have sacrificed worker wages and benefits in their support of anti-union efforts to promote businesses. Worker shortages have caused wages to increase, new workers to move into areas raising rents and home prices. With higher wages and chip shortages, prices for used cars are increasing. Food prices up 4% aren’t really noticeable. My Jenny-O Turkey cost the same last week as it did the last three years. The other items may have gone up but it wasn’t noticeable at my Jewel store. Beef and pork has gone up considerably but it’s cyclical with Covid being the prime reason.
The costs of all those items in those container ships waiting to unload rises every day and the items in stock aren’t discounted or raised to offset costs of those items at sea, the transportation costs here, and higher living wages to get workers.
Prices may be up 6% and may go up some more but remember, prices went down last year so this increase we are so concerned about is partially offset by last year’s negative rate.
One party makes mountains out of mole hills and inflation will prove to be next year’s mole hill.