Crisis? Where?

 Apparently we are now in an "Inflation Crisis" according to some right wing publications.

This is based on a year over year measurement in October which showed a 6,2% increase from the prior October.  The core inflation which excludes oil and other volatile items was 4.2%.

That is up from what was a period of record low inflation but hardly seems the crisis, considering the fact that it is impacted by the supply chain issues and other events that won't last forever.  Or maybe they will.

Is it possible that the supply chain is simply irreparably damaged?

Is our national food industry irreparably broken?

It doesn't seem likely, although we are facing a shortage of workers as women seem unwilling to return to their old jobs and many people don't want to commute like they once did.

Adjustments are necessary and almost certainly will be made.  

Energy prices will decrease, as will food and import prices.

The eonomy always self corrects and right now it has to work through the Covid era.

We really seem to be in a chicken little world as everything is dramatically portrayed.

Just carry on, it will be fine.