Occupy Underground

A ten percent annual inflation rate, which was about the highest inflation got last year, means that on average - ON AVERAGE - things that cost $1.00 a year ago, would cost $1.10 today., a mere dime more. That would have been a shoulder shrug to most all of us, like gasoline going from $2.00 per gallon up to $2.20, a typical fluctuation.
Ten percent inflation, as awful as it was portrayed, is not really the problem, but only a temporary bug. Gasoline did not go up to only $2.20. but to $4.50, over 100% increase, not just 10%. Staples like milk bread meat egg prices rose from 35% to 200%. That is not 10% inflation it is price gouging.
I shop at walmart grocery regularly, and last year on a supply run I bought a loaf of home made bread for $1.00, then 2 weeks later on next supply run it had risen to $1.47. That is a 47% increase in a half month. That was not normal inflation, but price gouging and attributing it to inflation to avoid backlash. BTW I stopped buying that bread.

article: .. the true reason for these elevated prices could have more to do with expanding margins and keeping investor sentiment high than with increased input costs.