To give a flavor, the official inflation rate since Covid has been around 21%. But fast food menu prices — a go-to indicator for Foreign exchange investors — are up between 35% and 50%. People posting grocery receipts online say it’s actually more than 50%.
The problem is if inflation was actually, say, 35% it means GDP hasn’t gone up at all since pre-Covid. It means it actually went down. Implying we’ve been in recession for nearly 5 years.
