Inflation rises 5.4% from year ago, matching 13-year high

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What was the month over month rise? Why do we keep comparing prices to a year ago when there was barely a functional economy? Year over year doesn’t really seem like a meaningful comparison in the context of a global pandemic.

dontbanana

This may be a dumb question but with the inflation increase, shouldn’t corporations adjust their salary of employees because of the higher prices of food, housing, gas, etc. ?

dougegg

Hmm what happened in 08 and why was inflation so high. I remember similar doom mongering then. Then a persistently low inflation and shit growth for 13 years.

fremeer

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