"From 2000 to 2005 there was 13.4 % inflation
From 2005 to 2010 there was 11.7 % inflation
From 2010 to 2015 there was 8.7% inflation.
From 2015 to 2020 there was 9.2% inflation.
So there hasn't been that high inflation lately. Especially 2018 and 2019 where the inflation was 1.8% and 1.2% respectively.
So when 2020 had an inflation of 3.2%, mostly due to large stimulus, I don't find it that alarming, since the last 10 years the inflation has been low, and 2018 and 2019 in particular has been low
Sure. If we see a huge increase in 2021 that might be cause for worry, but if the inflation for all of 2021 lands under 3% I think we can be safe.
I think most of the scare comes from that the April inflation was 4.2% (comparing 2020 to 2021), and is the latest month we have data for.
But then again, the inflation for April 2020 was 0.3%, the second lowest of the year after may 2020 (0.1%), so a big uptick is warranted.
It's just scaremongering."
like I said before it will be awhile before supply can match demand with the covid situation
Yes, there will be some inflation but we have had historically low inflation so this isn't an end of days situation