Yes, Virgina, there is inflation (but how about a soft-landing?)

Posted By on April 6, 2024

Virginia O'Hanlon 1995The subject line is my questionable twist on the Francis Church response emoji rolling eyesto Virginia O’Hanlon in 1897, Yes, Virginia, there is a Santa Claus (see below).

All of us “seeing” inflation month after month really don’t question its existence, but we do wonder how long inflation will continue a higher than the desired two percent each year; some fear that the solution will be to suffer a recession (I’m still hoping for the Fed’s magical soft landing).   

So, how has inflation impacted us and those necessities of daily life … such as what we put in our grocery shopping carts. The WSJ took a look last week

WSJ Inflation Grocery Graphic

clipping part 1

clipping part 2

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  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.
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