On one hand, he's not wrong, overall inflation for 2020 was on par for a normal year, we're not headed into hyperinflation territory just yet. But you also have

On one hand, he's not wrong, overall inflation for 2020 was on par for a normal year, we're not headed into hyperinflation territory just yet. But you also have to realize that some people are affected quite a bit harder by the crazy shifts in deflated and inflated costs this year. https://inflationdata.com/articles/wp-content/uploads/2020/12/Monthly-Inflation-11-2020.png https://inflationdata.com/articles/wp-content/uploads/2020/1... Look at the breakdown of the line items that make up the US inflation rate for 2020 and you see that the massive drop in fuel cost (-19%) caused a massive offset to the overall number. Meanwhile food cost has gone up over 3%, medical expenses also went up over 3%. As we head out of this hell hole it will be interesting to see if inflated sectors return to more normal levels again.