Graduated college right at the start of 2008. This is nothing like it. Nobody was hiring back then. Layoffs for everyone. Wage freezes for several years. It felt really ominous, like people were legit afraid of economic collapse because of how toxic assets covertly based on real estate had tentacles in everything.

This is temporary inflation from the Russian invasion of Ukraine exerting upward pressure on gas and grain prices, right as post-COVID supply chains were starting to unwind and unlock inventory. It's already easing. This doesn't feel similar at all.