Reality: The worst inflation in almost 40 years.

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Detailed Breakdown:

  1. 2021: The inflation rate was approximately 4.7%.
  2. 2022: The inflation rate peaked at 9.1% in June 2022.
  3. 2023: The inflation rate started to moderate but remained high, averaging around 6.5% for the year.
  4. 2024: The inflation rate has further decreased to around 2.4% as of September 2024.
See also  Jobless Claims Surge to 242,000, Inflation Worsens—Is the U.S. Heading into Stagflation or Worse?
See also  Food Inflation on the Rise

Sources:

 

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