Inflation has been running red hot for a couple years now. Feds claimed the inflation was transitory due to COVID lockdowns while at the same time increasing the M2 money supply by record amounts (link).
I cannot fault the central banks of the world for their actions and many claim we would have seen a massive financial crisis if they did not (link to a very well written book on the subject).
As expected inflation has hit fiercely and the consumer price index (CPI) is showing over 8% inflation which has not been seen for 40 years (link). Other Black Swan events that have occurred in 2022 contributing are Russia invading Ukraine, and China's zero COVID policy locking down major industrial cities.
How are you handling the red hot inflation? Are you noticing changes in your lifestyle to cope with raising prices? Driving less, buying on sale items at the grocery store, changing summer vacation plans?
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Reed McDonald - Owner and chief blogger at Quality Grain Marketing. With all the noise and click bate headlines this agricultural based blog will highlight what current events I am following. Be sure to check in regularly for updated musings