>If we’re having inflation due to a tiny number of goods having large price spikes I take issue with this. Hotel rooms and airfare can often be forgone for the

>If we’re having inflation due to a tiny number of goods having large price spikes I take issue with this. Hotel rooms and airfare can often be forgone for the average American. New (or used) cars to a lesser extent. However we are seeing increases in prices of ag commodities increasing dramatically. On a year-on-year basis, prices were up 32.8% in September[1]. Oil prices are at a three year high[2]. Not to mention soaring housing costs. It may indeed be to early to predict disaster, but things are not as good as your comment seems to suggest. [1] https://www.reuters.com/business/world-food-prices-hit-10-year-peak-fao-2021-10-07/ https://www.reuters.com/business/world-food-prices-hit-10-ye... [2] https://www.reuters.com/business/energy/oil-prices-rise-tight-supply-set-weekly-gain-more-than-2-2021-10-15/ https://www.reuters.com/business/energy/oil-prices-rise-tigh...