US inflation jumped 7% in December as prices rise at rates unseen in decades, page-34

I thought the cause of inflation was well understood, but not widely acknowledged by the MSM -

The driving force of inflation is not wages. Wages lag behind prices.

It is the enormous money-printing operation by the Fed itself, which has pumped trillions into the financial markets since March 2020 in an effort to prevent a market collapse and secure the wealth and income of the super-rich, which is the main factor in the reemergence of inflation for the first time in four decades.

https://www.wsws.org/en/articles/2022/01/13/infl-j13.html