It’s Official. The Inflation Numbers Are a Hot Sticky Mess. Consumer Sentiment Is Lower Now Than It Was At The Depths Of Covid.

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Analyst: Inflation Crisis One of the ‘Worst’ in Modern History

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The managing director of a retail consultant firm said the soaring inflation crisis is one of the “worst” in modern history because it escalated quickly.

Strategic Resource Group managing director Burt Flickinger told Fox Business on Thursday that the current inflation crisis “was not a crisis 12 months ago.”

“This is the biggest emerging economic crisis for consumers for over a decade,” Flickinger said. “The average cost of living for a family of four is up about $5,000 a year so now it’s a choice between heating homes, feeding families, or giving gifts.”

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