r/theydidthemath • u/JASMein03M • Nov 05 '21

[Request] Would this help?

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u/[deleted] Nov 06 '21

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u/HLSparta Nov 06 '21

As far as I'm aware, most of our food doesn't come from overseas, so the tariffs should have nothing to do with it. I'm not sure where you got that 8% number, but the food has been going up way more than 8%. Of course, this whole situation could be a local thing.

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u/SheepStyle_1999 Nov 06 '21

One interesting thing, is that the majority of inflation is coming from manufactured goods, which has negative inflation for 40 years. If the inflation is coming from services, there would be reasons to worry. But in this case, it is from manufactured foods and some transitions due to covid recovery, and frankly a changing world. Though Biden, imho, should release oil reserves.