Category: Business & Economy

Prices have been going up in a number of segments of the economy in recent months, and, as Visual Capitalist’s Nick Routley exposes below, the public is taking notice. One indicator of this is that search interest for the term “inflation” is higher than at any point in the past decade.

A new survey has found nine in ten Americans say they’re concerned about inflation. The high level of anxiety about soaring food, energy, and shelter costs, among others, is felt the same across all age groups, racial and ethnic groups, and income levels. 

Natural gas prices have jumped more than 180 percent since September 2020, and that will spur increases in electricity costs. Home heating oil prices have jumped 115 percent over the past year. Fuel oil is up almost 60 percent from a year ago. The federal government forecast last month that home heating costs could rise 54 percent this winter — but heating costs could actually triple, according to some private forecasts. Biden is already being widely blamed for the surge in inflation. Soaring home heating prices will embitter citizens who once trusted Biden’s pledges for a smooth return to normalcy and prosperity.

A new survey published by Advanced Dermatology surveyed 1,463 people in relationships of one year or more. Among those surveyed, 2 in 3 people say “their partner looks worse than they did before the pandemic started”.

Politicians, including President Biden, are quick to point to the fact that nominal wages are rising—but they’re leaving out crucial context…mainly INFLATION!