Comment on Inflation?
Knock_Knock_Lemmy_In@lemmy.world 4 months agoThe primary cause of inflation is a massive increase in the money supply
Comment on Inflation?
Knock_Knock_Lemmy_In@lemmy.world 4 months agoThe primary cause of inflation is a massive increase in the money supply
DragonTypeWyvern@midwest.social 4 months ago
Sure. The 20% inflation since 2024 is why food prices have doubled.
Knock_Knock_Lemmy_In@lemmy.world 4 months ago
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