The left wants to downplay inflation, having evolved their argument from opining that there are not really inflation risks in the U.S. to saying that it’s actually good news to admitting that, OK, there’s some inflation, but it isn’t that bad.
A late-November study published by Pew Research shows that inflation here in the States is the third worst in the world, as Americans continue to suffer during the Biden administration that has seen supply chain crises, labor market problems, and massive amounts of government money continually being injected into the U.S. economy.
According to Pew, we rank behind only Brazil and Turkey for greatest change in annual inflation rate from the third quarter of 2019 and the third quarter of 2021.
The U.S. saw inflation rise 3.58 percentage points over the two-year period.
According to Pew, 2021 “marked a sharp break from what had been an unusually long period of low-to-moderate inflation” in the U.S.