Most Americans Are Afraid Of Inflation

Posted on AllSides November 13th, 2021
From The Center
PHOTO ILLUSTRATION BY FIVETHIRTYEIGHT/GETTY IMAGES
ANALYSIS

You can see it at the grocery store, the gas station and your heating bill (though, mercifully, not at the liquor store): Prices are getting higher. Since October of last year, prices for consumer goods have risen 6.2 percent — the biggest year-over-year increase since 1990 — according to a report released Wednesday from the Bureau of Labor Statistics. Prices are on the rise in nearly every category, including gas, food and housing, largely as a result of supply chain disruption, labor shortages and lingering effects of the pandemic. 

Despite a mix of coverage in the media, the prevailing...

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