Remember how the Biden regime and the Federal Reserve chair keep telling Americans how “inflation is transitory” and that we shouldn’t worry much about it because it’ll pass?
Yes, well, so much for that; another lie debunked.
“Americans should brace themselves for several years of higher inflation than they’ve seen in decades, according to economists who expect the robust post-pandemic economic recovery to fuel brisk price increases for a while,” The Wall Street Journal reported.
“The respondents on average now expect a widely followed measure of inflation, which excludes volatile food and energy components, to be up 3.2% in the fourth quarter of 2021 from a year before. They forecast the annual rise to recede to slightly less than 2.3% a year in 2022 and 2023. That would mean an average annual increase of 2.58% from 2021 through 2023, putting inflation at levels last seen in 1993.”
Got that? Inflationary figures ‘last seen’ nearly 30 years ago.
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