ZeroCool@slrpnk.net to Lemmy Shitpost@lemmy.world · 2 months agoInflation?i.ibb.coimagemessage-square90fedilinkarrow-up11.35Karrow-down147
arrow-up11.3Karrow-down1imageInflation?i.ibb.coZeroCool@slrpnk.net to Lemmy Shitpost@lemmy.world · 2 months agomessage-square90fedilink
minus-squareKnock_Knock_Lemmy_In@lemmy.worldlinkfedilinkarrow-up13arrow-down3·2 months agoThe primary cause of inflation is a massive increase in the money supply
minus-squareDragonTypeWyvern@midwest.sociallinkfedilinkarrow-up4arrow-down1·edit-22 months agoSure. The 20% inflation since 2020 is why food prices have doubled.
minus-squareKnock_Knock_Lemmy_In@lemmy.worldlinkfedilinkarrow-up1arrow-down2·2 months agoDuring 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
The primary cause of inflation is a massive increase in the money supply
Sure. The 20% inflation since 2020 is why food prices have doubled.
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