OK, it’s only bread – not a grand part of anyone’s budget any more. But two years back a small loaf at the bakery was 80 cents. Now, today, it’s 1.20. 50% inflation.
It’s also not actually inflation, this is the change in the price of one item, not the general price level.
But that is – back when bread was an important part of budgets – the sort of thing that would produce bread riots.
Money printing is such fun, isn’t it?