Ignorance regarding cost of living increase

Washington DC

Description

The reason there was an increase in the April 2021 cost of living compared to April 2020 is because we were in an economic collapse with 14.7% unemployment in April of 2020 due to the Trump administrations wildly incompetent handling of the pandemic. So yeah, things are getting back to normal now and I'd rather pay 4% more and have a job than save 4% and not have a job. And by the way, inflation is more common in capitalism where private companies and the market control prices than it is in Communism where the government controls prices. https://www.bls.gov/opub/ted/2020/unemployment-rate-rises-to-record-high-14-point-7-percent-in-april-2020.htm Educate yourself.