I don’t know why they used 2019 as the base line when most of the price hikes came in 2021 shortly after Biden took office.
![](https://i0.wp.com/kevinbae.com/wp-content/uploads/2024/04/wsj-food-price-chart.png?resize=728%2C577&ssl=1)
Prices started accelerating in 2020 during the government created pandemic but didn’t really take off until 2021. Now, that same $100 basket of goods you were buying in 2019 takes $137.00.
Wall Street Journal (Free Link)
Remember that inflation is cumulative. Just because the current inflation rate is a little over 3% that’s still 3% on top of last year’s 3.4% and 2023’s 3.4% is on top of 2022’s 6.5%. It all continues to snowball and add up.
![](https://i0.wp.com/kevinbae.com/wp-content/uploads/2024/04/inflation-rate-chart.png?resize=402%2C328&ssl=1)