For example everywhere I went my favorite Beers were all up 10% or more. The pre-made protein drink I use for after workouts sometimes was up 9%. Toilet Paper went up 7%. etc.
Barley is more expensive due to tariff, commodity raw materials are up.
Housing, healthcare and higher education are all far more expensive than they were in the 70s and 80s ~ Joe
All government controlled ... all have government money on the demand side, and strict control of resources on the supply side (AMA working with Government).
When you adjust wages for inflation over the same period, they are basically flat.
Again immigration, especially in unskilled labor .... People used to be able to work from unskilled to skilled and on to management in same company. Today there is so much turnover this "pipeline" doesn't happen.
It turns out that companies just add the tariff cost into their items. On top of that, the domestic brands up their prices because the foreign brands are more expensive!!!
Tariffs, trade deficits and inflation, are interrelated.
Its important to look at 5-6 months ago ....
And the future .... trade deficit doesn't look too good, inflation will be less
What probably isn't brought up, its not so much that you have "inflation" or not, its the rate of change, that is the issue.
Our economy is surging, and the dollar is strong, making tariffs difficult to work, they have localized affects.
And I've been seeing the left clamor for fair trade because of jobs.
I argue for it as well ... :-) But, what the "left" leaves out is the need to control the influx/change of unskilled labor, for it to work properly.