Overall inflation is at roughly the same nearly flat level it's been for a decade. Food has gone up and energy has gone down, and both of those are easily explained by coronavirus-related supply and demand shifts.
Re:Bitcoin is a disaster
by imtringued on Thursday December 31, 2020 @08:08PM
(#25599556)
If that were true then it would be time to rejoice and watch underemployment disappear. The central bank can then unload its balance sheets and reduce inflation to sustainable levels. If that does not help you can also increase taxation to take care of inflation. There are a lot of tools that can trivially deal with too much inflation but with deflation the only tool you have is the central bank pumping money into the market and so far it is failing to achieve its stated goals.
It's already the case. Not 2x or 3x but double digits inflation on groceries notably meat products won't be surprising when we do the math next year.