The government is telling us that year over year inflation was 7.7% for October 2022. That is something that Biden is celebrating. Meanwhile, a dozen eggs in my neck of the woods costs $4.49, stew meat is $6.99 a pound, and ground chuck is selling at $7.99. The same week last year, eggs were $2.99, stew meat was $3.99, and ground chuck was $4.99. That is an increase of 50%, 75.1%, and 60.1%, respectively. Perhaps that is why they don’t include food when they are calculating the rate of inflation.
You will note that I didn’t include the cost of gasoline. The reason is that the oil market is being deliberately manipulated by the sale of oil from the SPR.
People are being fooled into thinking that increased prices=inflation. That isn’t the case. Inflation is caused by a currency losing value. This is reflected in higher prices, but the higher prices themselves are not inflation, they are merely a symptom of it. I expect that, now that the election is over, fuel prices will return to their true price. Still, many Americans are stupid enough not to know the difference and to continue voting for the same old people.