Here’s something no American wants to hear: Prices are surging again, and uncomfortably high inflation could be with us for quite some time.
Inflation has been a thorn in the US economy’s side since 2021, and though price increases have cooled off dramatically in the past few years, the problem never really went away: Inflation still hasn’t returned to pre-pandemic levels, and Americans haven’t yet adjusted to higher prices. That’s why the cost of living has remained Issue No. 1 for voters in poll after poll.
This oil price shock almost certainly will not translate into the 9.1% four-decade high inflation that the United