as i alluded to here
https://forums.d2jsp.org/topic.php?t=82747482&f=119&p=614499351 the current administration is hell-bent on blaming ‘russia’ and ‘record job growth’ on these inflation levels which havent been seen for 4+ decades (like around when biden
started working in the fed govt, and he
still is). job growth is strictly related to reopening 1-2+ year closed jobs/businesses due to federal and state mandate. the current admin also said for most of 2021 inflation was transitory anyway. they just didnt define what period of transitory it was (years, not a few weeks)
pre-covid, nov/dec 2019 and jan 2020 we had record actual job numbers, near full-employment, and regular ~2% inflation
https://www.macrotrends.net/countries/USA/united-states/inflation-rate-cpiU.S. inflation rate for 2019 was 1.81%, a 0.63% decline from 2018