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Reply to "U.S. Annual Inflation rose to 6.8% in November - the highest in 40 years"
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[quote=Anonymous][quote=Anonymous]Part of the inflation is a surge of pent-up demand, which will taper back off, another part of it is pandemic-related supply chain issues which will also get sorted out. Also, it should be noted that wages have gone up significantly due to demand for labor. https://tradingeconomics.com/united-states/wage-growth[/quote] Yeah, the administration was saying it would 'taper off' back in August except they called it transitory. Back then inflation was 4%. Now its 7% and judging by the panicked turtle-in-shell reactions from the Biden surrogates I have a feeling they damned well know its going to be 10% in January 2022. Guess ignoring it and the supply chain port crisis didn't work out [i]quite[/i] the way they wanted. :roll: [/quote]
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