[1] U.S. Bureau of Labor Statistics. CPI Inflation Calculator. https://www.bls.gov/data/inflation_calculator.htm. Accessed 4 May 2022.
[2] Per the U.S. Bureau of Labor Statistics, prices of goods in February 2022 were 7.9% higher than in February 2021. U.S. Bureau of Labor Statistics. 12 April 2022. Economic News Release: Consumer Price Index Summary. https://www.bls.gov/news.release/cpi.nr0.htm.
[3] Id.
[4] Wiseman, P., et al. 12 April 2022. “US inflation jumped 8.5% in past year, highest since 1981.” ABC News. https://abcnews.go.com/Business/wireStory/us-inflation-jumped-85-past-year-highest-1981-84030399.
[5] Smialek, J. 24 March 2022. “Is America’s Economy Entering a New Normal?” New York Times. https://www.nytimes.com/2022/03/24/business/economy/america-russia-pandemic-inflation.html.