Narrator: “It didn’t”

"Marxist religion and ancient equations are no match for a good blaster at your side, kid."
-- Han Bogo

From the looks of it, appears to be soda tax distress.

I more than agree that inflation can be used as a political gimmick. But as someone who remembers well the 70s and its inflation, you never want to go there again. It was horrible. You'd go to the grocery store not knowing what anything was going to cost. You never knew how much money to take when you'd go shopping for necessities - all the while salaries were going nowhere (if you were lucky enough to have a job at all). Then, the rent increases started. Big Time. I think I may have finished the decade (financially-speaking) pretty much where I started if not poorer.

It was all about living on less and less and less. Terrible times, and of course, people blamed those who are supposed to be in charge of such things - like a president or the Congress. People, rightly or wrongly, were so mad at Jimmy Carter that it didn't surprise me at all they chose Reagan in 1980. He was able to convince some that those damn old, corrupt unions were to blame and made great theatre out of the PATCO strike.

That was the first coffin nail for the union movement in this country, and, as it happens, the beginning of the end of our middle class. Or, let's not even call it the middle class. Let's say those who received enough wages to afford a home, a family, and have something left to save for a rainy day.

There's a reason Paul Krugman has a Nobel Prize - he simply spouts nothing but Gospel. No other person specifically predicted the rise of the internet in 1998 and the skyrocketing stock market after the 2016 election.
Take all of your savings, your immediate family's savings, any money on hand and invest it 100% on whatever Krugman recommends. The results will be instantaneous.