Those cheering the 5.9% increase in cost of living for Social Security need to look at the other side of the coin. Health care will go up at least 5%. If anything else goes up, you're still losing money.
Health care is a joke at the federal level. I have no idea why I'm paying the same as a 65 year old diabetic.
I'm still on the transitory side though. Much of this is self fulfilling. Articles now about people doing Christmas shopping now so they don't have to worry about supply issues. The oil/energy issues are a result of bad policies and forcing solar, etc. down everyone's throats. Some type of renewable energy will be here in the future, but it won't happen overnight. No incentives for large companies to drill thanks to public shareholders (re: XOM, Engine No. 1). The only companies doing any drilling or exploration will have to be private ones that don't answer to large shareholders such as Black Rock and Vanguard bound by ESG and other acronym mandates popular on social media.
The nat gas fiasco worldwide can be blamed 100% on bad policies. Europe wants to "go green" and have NATO in their backyard, but can't break free from Nord Stream supply.