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Originally Posted by Susan1717
I am still comparing gas and food prices to 2020. Everything is still very high from then. They may be a little better than a year ago, but in my opinion, still off the charts high.
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The pandemic was unprecedented and changed things in ways we have never seen before. There was high spending on goods during the pandemic, but then supply-chain snarls complicated things, and there were production problems that persist to this day. To expect everything to return to the way it was a couple years ago with the wave of a wand is just naive. And we have to look at the global perspective. The war on Ukraine has pushed up gas and food prices all over the globe, although we have seen a decrease in gas prices here in the US since last summer. However there are positives. The unemployment rate is the lowest its been in 50 years. And this has given laborers the leverage to demand raises. The Fed is working hard to keep inflation down. The deficit has fallen by $1.7 trillion.