Whenever we discuss inflation, it is absolutely critical for people to understand that inflation itself is the measure of the percentage increase in a price over a period of time.
It is entirely possible, I would say absolutely guaranteed, that prices will increase even more this year as inflation begins to drop. This will be the economic story on the backside of the inflation hurricane as the Fed starts to increase interest rates. Example:
♦ 2021: A loaf of bread increases in price 50¢ from $1.00 to $1.50, a rate of inflation of 50%.
♦ 2022: That same loaf of bread increases in price by 60¢, from $1.50 to $2.10, a rate of inflation at 40%.
The price of the bread increased more in 2022 than 2021, but the rate of inflation dropped from 50% to 40%.
The White House and Federal Reserve state, correctly, that inflation is likely to drop. However, the actual prices of the products are rising at a greater rate. This is the critical component of the inflation story that will remain with us throughout 2022. Inflation is not measuring the increase in the price of an item. Inflation is measuring the rate of the price increase as a percentage.
This is the context for the Federal Reserve to state today, they “hope” inflation slows down, because they are going to raise interest rates regardless of what is happening with the price of goods and services:

Totalitarianism needs total control. Free speech is antithetical to that control. The natural evolution of any totalitarian state is to use the justification of security as a method for that control; hence, the U.S. received The Patriot Act, and all of the longer-term slippery slope consequences that are never fully discussed at the outset. I digress.
As the Obama-Biden administration previously said when they achieved their last historic increase in gas prices, “U.S. energy prices will necessarily skyrocket“, in order to achieve their ideological climate change objectives.
Lujan suffered the stroke last Thursday, on the same day Joe Biden announced the retirement of Supreme Court Justice Stephen Breyer. The news of Senator Lujan’s major medical condition has been essentially quiet.
