I guess it all depends on what one is buying. The first computer I purchased in the 1980s was a Tandy 5000, which cost me about $5,000.00. Today, I can buy a computer that is at least ten times faster for a few hundred dollars. I used to pay a small fortune for my internet when they charged me by the minute.
Inflation, you didn’t live through the 1970s when it got higher than thirteen percent (13%). One learned to live with it and did things accordingly.
Many of the things we buy now because we have too are high, not because of anything President Biden has done, but because too many companies have gotten greedy.
Anyone who has reached for a carton of eggs, filled up their tank with gas, or tried to buy pretty much anything has felt the sting of that inflation over the past few years. While many of the problems that helped trigger the upward spiral have abated, prices are still high and getting higher. The data is increasingly pointing to one culprit: corporate profit hoarding. And given the relative impunity big business enjoys, there may not be much relief for Americans’ wallets anytime soon. Source
One more source.
The underlying economic problem is profit-price inflation. It’s caused by corporations raising their prices above their increasing costs.
Corporations are using those increasing costs – of materials, components and labor – as excuses to increase their prices even higher, resulting in bigger profits. This is why corporate profits are close to levels not seen in over half a century.
Corporations have the power to raise prices without losing customers because they face so little competition. Since the 1980s, two-thirds of all American industries have become more concentrated.
Why are grocery prices through the roof? Because just four companies control 85% of meat and poultry processing. Just one corporation sets the price for most of the nation’s seed corn. And two giant firms dominate consumer staples.
All are raising prices and increasing profits because they can.
Big pharma, comprising five giants, is causing drug prices to soar.
The airline industry has gone from 12 carriers in 1980 to just four today, all rapidly raising ticket prices. Source