Is There a Lump of Inflation?

We do not have a lump of inflation. When you have high inflation like now, it just means that there's a lot of stuff that's going up. If we look under the hood, and if we'd been looking under the hood for a long time, you would see these problems. But because, again, they affect narrow parts of the population, and then there's this whole thing called politics, they don't get adress. Yet a very simple level, prices rise when demand is more than supply. Inflation is an increase in prices. We can trust the statistics on this, and they take ther job very seriouslya i think sometimes we get a little too excited about,