It’s Official: Reflation Is Here - Opinion
A look at the current inflation data reveals an upward trajectory, even from last summer. The total loss of purchasing power in three years is easily 20 percent, but probably closer to 30 percent or more.
And that’s just from the official data, which are highly manipulated by messing up the pricing of housing and health insurance while excluding the cost of borrowing entirely. Adding those easily gets us back to double digits and perhaps exceeding what we experienced in 1979–1980, especially once you consider the sheer longevity of this mess.