I honestly can't believe you're being downvoted when you have the most sensible answer here. The government here in Canada created MASSIVE supply of money out of thin air to keep up with the US and put almost 1/3 of the population on social welfare and everyone is pointing fingers to find who's the most greedy. It's the dumbest thing ever.
The media seems to be doing its damnedest to push any theory that does not tie into the quantitive easing/money printing.
Its fascinating to watch what i suspect is another bigger collapse (than the GFC) start, and NOBODY in the MSM is looking at the elephant in the room wearing a big loud hat that says "IT WAS ME".
Precisely. Inflation is not even - if it were it wouldn't be nearly as much of a concern. There are winners (e.g. corporate profits) and losers (e.g. workers on fixed salaries).
Unfortunately some economic actors can protect themselves, even profit from inflation much easier than others. Inflation usually hits the poor the hardest. Given the same amount of real resources this is because other groups of society can take advantage of inflation to increase their share of the pie.
Corp profits dont help, but they're about as consequential as wage increases.
Its sticky because of the money printing done in the past, and still happening.
They printed a TON of money, its devalued our $$$'s. This is the direct consequence.