Is America’s economy about to experience the Jimmy Carter inflation of the 1970s under the 2021 policies of President Joe Biden?

It’s trending that way.

Restaurants, groceries and gas stations are showing definite inflationary trends.

Fox Business News reported that one restaurant owner said prices are up about 185% for brisket, 70% for chicken breast, 100% for frier oil, and glove prices have consistently been up 300% for more than a year now.

Inflation for everything has grown to 4.2% over the last 12 months — the largest increase since 2008 — according to the Bureau of Labor and Statistics’ Consumer Price Index Summary released May 12.

The food index has risen 2.4% year-over-year, and the “food away from home” index rose 1.2%. The gasoline index has increased 47.9% in the last 12 months.

Higher gasoline prices mean higher costs for everything that is transported. The cost of housing and rent has increased.

Restaurants not only face the higher cost of food and supplies but they must pay more in payroll because there is an artificial labor shortage due to Biden’s increase in unemployment benefits. You can actually make more by not working than by working in some restaurants.

That causes wage inflation and forces some restaurants to close for good. Drive past almost any restaurant in Tulsa and you will see a help wanted sign.

Restaurants are raising prices and cutting portion sizes to keep up. Add to that a national shortage of chicken wings and some other popular food items.

The government can’t keep printing money and giving away trillions of dollars to people to not work and expect to control inflation.

This is going to get worse under President Biden.