LETTER: Inflation is going down?
As I look at the rate of inflation month by month, year over year, from February 2017 through January 2021, it appears to never have surpassed 2.6 percent. As I look at the same data since then, it appears to never have been less than 2.7 percent and often has been three times higher.
Locally, we’ve seen gasoline at $5.25 compared to $2.39 back then, and eggs are now $7 a dozen compared to $ 1.29.
We have certain politicians in Washington telling us that last month’s inflation rate of 6.5 percent means it’s going down. Hello?