Increases are happening in EVERY sector of our lives.
Not just fireworks but food, automotive and parts, electrical, HVAC wood, etc.
Your grocery bills are just starting to rise as we've seen an increase just this year of 8% in seafood, meat and HBA. Food producers are expecting another 8% increase by years end and may continue thru 2022 with a higher percentage increase!! This number is already being discuseed between all the manufacturers that will not be absorbing any of the cost.
Given that the target inflation rate has been 2% for 10 years and we have consistently fallen below that, it shouldn't be surprising that eventually there is a "catch up" few months or year. Remember that the target is supposedly the inflation rate that produces full employment; over that same time period, 5% unemployment has been considered "full employment" by the Fed. (Obviously if you're a worker you might disagree with this target number, as it has steadily shifted power from labor to management, but that's a different discussion.) Look at a 10 year chart and you'll see ups and downs, but overall we are around the Fed's target looking at 10 year cumulative numbers rather than the most recent numbers. We have had several very "good" years (inflation below target), and a "bad" year will just get the long-term number back to the target.
Also remember that the numbers we see are not directly collected, but subject to selection of what is included and excluded according to various models, then subject to statistical adjustments according to various other models.
I'm retiree, so in the group widely considered to be most affected by inflation, and I'm not worried at this point.
When the government and central bank prints up $2.6 trillion dollars out of thin air, it devalues our dying fiat currency and creates the hidden tax called inflation. If they pass that $3.5 Trillion dollar bill falsely labeled as infrastructure, $4 - $5 dollar a gallon gas will look like the good old days.
We are in the midst of the biggest wealth transfer in history via the privately owned Federal Reserve and thanks to our corrupt uniparty politicians.