RE:RE:RE:RE:RE:RE:It may have begun Yes it is scary, inflation of at least 10% is now embedded in the system. That's not going to change. The poor will get poorer which usually means more strike actions coming like in Europe.
Mentioned gouging earlier, in the UK they scrutinize petrol prices religiously and many cars run on diesel. The wholesale price of petrol and diesel are exactly the same right now yet diesel at the pumps is 17 to 20 pence higher. Gouging on a massive scale. There's talk of an enquiry as to why the large oil/gas companies are making so much profit which adds inflationary pressures when people are struggling to pay bills.
These higher prices in N America also have a detrimental impact on miners bottom line. When oil was recently at $67 a barrel gas at the pumps in Canada should have been around $1.15 not $1.35.
Governments don't care they make more tax. But they should because higher inflation means more interest on the debt servicing.
Its a mixed up muddled up world.
Have a great week-end.