Prices weren't just going up in December, they've been going up since 2020. The asset class boom beginning in 2020 was mostly just a graph of inflation. Trillio

Prices weren't just going up in December, they've been going up since 2020. The asset class boom beginning in 2020 was mostly just a graph of inflation. Trillions of new dollars in the economy, record low interest rates, PPP loans. I don't know if you realize this, but the actual economy wasn't booming then. The CPI data took years to catch up because consumers are quite price sensitive and detecting and responding to increased demand is a delicate process.