04 December, 2021

I’m Sure Joe Can Get Us to #1

U.S. inflation is one of the highest in the world | Fortune

With a 6.2% annual inflation rate in October, the U.S. is now seeing prices increase at the highest rate in more than 30 years.

According to a study by Pew Research Center, in the third quarter of 2021, the country had the eighth-highest annual inflation rate among 46 countries that were examined. The U.S. also had the third-highest increase in inflation, 3.58 percentage points, between the third quarter of 2019 and the same period this year. It trailed only Brazil and Turkey, both of which have less-developed economies that generally struggle with higher inflation rates more than the U.S.

Americans, especially the poor, have struggled with the effects of inflation as food prices have increased across the board in the run-up to Thanksgiving. Food prices globally are reaching their highest rates in decades, according to the United Nations Food and Agricultural Association.

But don’t worry. It’s a problem for the rich. And if you have an electric car, you don’t care about gas prices.

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