Record? I guess you didn’t live through the 1970s, much less post WWI and WWII.
Of course the deflation of the 1930s was even more destructive!
> The interesting thing is this is far from over.
What do you think is the cause and why it is far from over? I'm curious, not trying to start an argument
https://www.shadowstats.com/alternate_data/inflation-charts
In fact, 2020s inflation (using historic measure) peaked at over 15% while the 1970s spike peaked below 15% — meaning that this latest inflation sets the record compared to the 1970s.
https://www.federalreservehistory.org/essays/great-inflation
Ignorant incredulity and “back in my day!” aren’t good arguments.
But don't slavishly believe Shadowstat's inflation number either.
But considering the US gov deficits I would assume more inflation is to come with actual devaluation.