gas prices are reflected in food prices...cost lots more for gas for trucking is reflected in food prices and everything else you purchase...Food prices can go up by the day...back in the Carter adm. a can of beans may have been upped in price 3 times on the top of the can....the cost inflation is because of the cost it will be to replace that can on the shelves next time the store has to purchase it...
During Carters adm. inflation (or interest) was reflected in what banks paid on CD.s It was 16% interest...don’t know enough to figure out why the fed or how the fed keeps inflation at 1%
As I understand it, the Federal Reserve bankers are stealing hand over fist...that’s where the difference is going. But what do I know?