The Bureau of Labor Statistics reported that the rate of inflation rose to 8.6% in May, the latest high in a period of rapid growth in prices following the COVID-19 recession in March 2020. Indeed, inflation is now higher than it has been in the past 40 years.
Inflation has always been “good” (i.e. for the rich) up to a point. Low interest rates with the Fed and it’s policy of quantitative easing makes it even more difficult for the working class to save money in the US - given the absolute meager state of social security and other methods in place to support the working class under capitalism - but it’s nothing but a boon for corporations as more money and higher prices means better profits.