Funny Inflation Memes - Because In 2022 Its NO JOKE! (2022)

What better representation of 2022 than inflation memes! Seriously though, have you bought groceries, gas or a car lately? Here’s the humor we need while inflation keeps rising.

With big news outlets reporting that there is no end to America’s rising prices and the key inflation gauge rising the most in 39 years, who doesn’t hate the word INFLATION? We are bringing you the best memes about inflation because y’all – ouch and tears.

Best Inflation Memes for 2022

Originally posted in February 2022, we are updating our inflation memes for June 2022. Here we are in the summer of 2022 (shout out to summer memes) and inflation is still high.

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According to the Yellen, we can expect high inflation rates for the rest of the year! Hold on folks, because while money is getting tighter, recession is either here or looming – there’s only so much we can do.

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Like a lot of painful things in life, rather than crying we choose laughter. Just when you think you have “made it” to the middle class, inflation is here to remind you that you are lower class again.

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So wipe away that tear next time you are in the grocery store and enjoy these inflation memes.

Living in a Van Down By the River Meme

As a 90’s baby, the threat growing up spurred from a Chris Farley skit. Now that we are dealing with crazy inflation (and there is a trend for living in a van and van camping) – this threat is now something we can laugh at. Please show your kids this living in a van down by the river meme.

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Then make sure that they watch the Saturday Night Live sketch because as kids, this is what we thought would happen to us. Now, as parents – the truth is our kids will be living with us into their 20s because like these inflation memes say, y’all.

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Image source: @TheMikeChase

Here Comes 2022

If you are feeling like everything is expensive, or not sure if you are just poor or both – these memes about inflation are for you. Watch out here comes 2022, y’all. It’s coming in hot and with high inflation.

(Video) WHEN INFLATION FINALLY GOES BACK DOWN

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Right now, I think the most painful think that is getting big buzz is the prices at the pump. Fret not, we got you with these gas memes about crazy high fuel prices and more.

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With news like inflation rising at it’s fastest pace since 1981 (in March 2022 – consumer prices jumped 8.5% annually!) – all this news just makes these inflation memes even more relevant.

If you lived thru the 2008 recession, you maybe feeling the unease of the economy. Don’t cry, just yet – first laugh at these recession memes.

Inflation Jokes 2022

Is your bank account feeling the effect of the rising prices on goods? Here is exactly why. Check out this chart featuring inflation rates for 2021-2022. I hate to tell you this, but the inflation jokes won’t be stopping anytime soon. Look at that inflation rate increase!

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7.5% based on data from Trading Economics.

Tom Brady Inflation Meme

Did you hear the new about Tom Brady coming out of retirement? This Tom Brady inflation meme is too funny.

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Tom Brady will be returning to the Tampa Bay Buccaneers. Yes, he is un-retiring! Read more about it on ESPN.

What is Inflation Memes

These What is inflation memes break down in simple terms real life instances (and grossly but hilariously exaggerated) on what inflation in real life looks and feels like.

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What inflation? If companies just keep lowering the quantity of products in a package, we won’t think about the price rising, right? I feel this way every time I buy a box of cereal.

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(Video) YOU LAUGH, YOU LOSE 😆 #146

Inflation Grocery Memes

Now a large box of cereal is family size and a regular box is well, a hell of a lot less than it was! NPR coined this term when products are shrinking as SHRINKFLATION and I think that is brilliant. Shrinkflation is the cousin to inflation and both STINK.

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And then there is this funny inflation meme. Who else remember when gas stations had free air pumps?

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Tip: if you are looking for free air for your tires, go to Costco!

Lumber Price Memes

Nothing says inflation like these lumber price memes! Good update (maybe?) While we saw record high lumber prices in Fall 2021, good news!

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Lumber prices are falling. Now it will take a bit for us normal shoppers to see the prices. We had a weekend project over the weekend so headed to Home Depot. HOLY LUMBER PRICES! These lumber price memes are funny but the price of lumber is NOT.

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Lumber prices are still high. While we felt the initial price bump when the pandemic started, the cost of wood is down 20% in March 2022. That doesn’t make inflation feel any better though.

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Just how high are lumber prices? Willie Nelson Snoop Dogg high.

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Who needs a diamond, soon engagement rings will be bought at Home Depot and will be blocks of wood.

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Read more about falling prices of lumber.

(Video) Batman DESTROYS the Justice League with FACTS and LOGIC

Inflation is Transitory Meme

Have you heard the term Inflation is Transitory? WHAT DOES THIS MEAN? This was a bigger deal back in April 2021, but let’s face it the FED is slow to react.

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This hilarious inflation is transitory meme comes from MishTalk where you can get a full explanation of what this term means.

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Interest Rates Memes

As we know, in order to combat inflation – the Fed has to hike interest rates.

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On May 5th, the Federal Chair, Jerome Powell ordered the largest interest hike in more than two decades as part of its escalating campaign to battle stubbornly high inflation. The interest rate set by the chair effects so much of our every day lives.

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While yes, we need to combat inflation – I mean, this is a whole post with funny inflation memes because we have to laugh or else we will cry. Higher interest rates does mean we will be paying even more for certain things.

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Oh goody. A rate hike. While in theory it sounds great, there are consequences.

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Brace yourself! Especially if you are in the market for a house or a car. Also, watch your credit card interest rates as well. These are common areas of pain when the Federal Reserve hikes rates.

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How does the Fed hiking interest rates help? With inflation at a 40 year high, here is what CNBC says about how the interest hike will help cool inflation.

“The Fed uses interest rates as either a gas pedal or a brake on the economy when needed,” said Greg McBride, chief financial analyst at Bankrate. “With inflation running high, they can raise interest rates and use that to pump the brakes on the economy in an effort to get inflation under control.”

cnbc.com

Doing this makes borrowing more expensive which tends to make consumers and businesses hold off on making any investments. This helps cool demands to help bring prices down.

(Video) Gas prices hit record highs - Funny Memes Compilation

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Basically, the Fed aims to make borrowing more expensive so that consumers and businesses hold off on making any investments, thereby cooling off demand and bringing prices back in check.

More Funny Inflation Memes

Surely you have noticed the price of groceries here lately. Our family is paying around $40 more a week on our grocery bill.

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Every body is hating on inflation right now, well except those crypto investors. Did you see our buy the dip memes?

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If this bunny made you gasp, don’t miss our creepy Easter bunny photos!

When you get a raise at work but it still doesn’t beat inflation. Where are the companies that give price of living adjustments? This use to be a more common benefit, now a days not so much. If you need some comic relief at work, don’t miss our funny work memes.

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Our exact feeling when our favorite things go up in price. NO to price increases!

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If you any of these inflation memes made you laugh, share them! Memes are meant for sharing and sweet baby Jesus knows that we need every laugh we can get.

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We just ask that you link back to this post and tag us if you post on social.

Trending Memes

Have you ever met someone whose love language is memes? Well, hi – we here at Digital Mom Blog are those people. If you too have a love for the funny, enjoy and share these funny memes.

(Video) Gavin McInnes - Biden Economy, Inflation and Gold

Inflation Memes is part of the Digital Mom Blog series of Funny Memes

FAQs

What is the inflation rate for 2022? ›

The Consumer Price Index increased 8.5 percent for the year ended March 2022, following a rise of 7.9 percent from February 2021 to February 2022.

How is inflation good for you? ›

Key Takeaways. Inflation is good when it combats the effects of deflation, which is often worse for an economy. When consumers expect prices to rise, they spend now, boosting economic growth. An important aspect of keeping a good inflation rate is managing expectations of future inflation.

What causes inflation? ›

Inflation is a measure of the rate of rising prices of goods and services in an economy. Inflation can occur when prices rise due to increases in production costs, such as raw materials and wages. A surge in demand for products and services can cause inflation as consumers are willing to pay more for the product.

What is meant by inflation? ›

Inflation is the rate of increase in prices over a given period of time. Inflation is typically a broad measure, such as the overall increase in prices or the increase in the cost of living in a country.

Is inflation good or bad? ›

While high inflation is generally considered harmful, some economists believe that a small amount of inflation can help drive economic growth. The opposite of inflation is deflation, a situation where prices tend to decline. The Federal Reserve targets a 2% inflation rate, based on the Consumer Price Index (CPI).

How long will inflation last? ›

Why Inflation and High Prices Will Likely Stick Around a While. However, economists and financial experts do agree on one thing: Higher prices will likely last well into next year, if not longer. And that means Americans will continue to feel the pain of higher prices for the foreseeable future.

Does inflation hurt the poor? ›

When inflation is high, everyone pays the price, but research suggests that lower-income families suffer the most. "Typically food and gasoline and housing are a bigger share of total spending for lower-income households than for higher-income households," says Dan Sichel, an economist at Wellesley College.

Who is hurt by inflation? ›

Inflation is at a 40-year high, but it's impacting everyone differently. Inflation hurts poor people and those on fixed incomes the most. Inflation helps borrowers and investors in stocks, real estate, and commodities.

Who is being hurt by inflation? ›

Majorities of lower-income Americans, younger people, parents, Black and Hispanic respondents, and those without a college degree all say they are living paycheck to paycheck. Inflation hurts consumers when their budget includes a larger portion of essentials.

Why is everything going up in price? ›

What is causing inflation? In short, during the pandemic, we saw supply chain disruptions (decreased supply) combined with a massive increase to the money supply (increased demand). Basic economics tells us that less supply combined with greater demand means higher prices, explains Hoffer.

Will inflation cause a recession? ›

High inflation rates can indicate an impending recession, as businesses react to higher costs by reducing production and increasing prices. And if the Federal Reserve takes action in the form of more rate hikes to curb rising inflation, there's a risk that the move could help trigger a recession.

Does inflation cause unemployment? ›

Inflation has historically had an inverse relationship with unemployment. This means that when inflation rises, unemployment drops. Higher unemployment, on the other hand, equates to lower inflation. When more people are working, they have the power to spend, which leads to an increase in demand.

What are the 3 main causes of inflation? ›

What Causes Inflation? There are three main causes of inflation: demand-pull inflation, cost-push inflation, and built-in inflation.

Why can't we just print more money? ›

The Fed tries to influence the supply of money in the economy to promote noninflationary growth. Unless there is an increase in economic activity commensurate with the amount of money that is created, printing money to pay off the debt would make inflation worse.

What happens when inflation goes up? ›

In an inflationary environment, unevenly rising prices inevitably reduce the purchasing power of some consumers, and this erosion of real income is the single biggest cost of inflation. Inflation can also distort purchasing power over time for recipients and payers of fixed interest rates.

Which country has no inflation? ›

In 2021, Samoa ranked 1st with a negative inflation rate of about 3.02 percent compared to the previous year.

What was dollar worth in 1860? ›

Buying power of $1 in 1860
YearDollar ValueInflation Rate
1860$1.00-
1861$1.066.02%
1862$1.2214.77%
1863$1.5224.75%
147 more rows

Is inflation good for debt? ›

While a surprising burst of inflation immediately reduces the real value of a borrower's debt burden—transferring wealth from lenders to borrowers—it is also likely to raise future borrowing costs because investors will then expect higher inflation and demand higher nominal yields on debt to compensate them for the ...

How do you survive inflation? ›

How to hedge against inflation
  1. Reassess your spending habits. If inflation is making it difficult to stay within budget, take a moment to reassess your cash flow and where it's going. ...
  2. Take on new debt sparingly (and avoid variable rates) ...
  3. Become a sale shopper. ...
  4. Maximize loyalty and reward programs. ...
  5. Be strategic with savings.
5 days ago

Will food prices go down? ›

Despite overall inflation slowing down, high prices at the grocery store remain a pain point for consumers. Food prices have risen 11.4% from August 2021 to August 2022, according to the most recent Consumer Price Index report from the Bureau of Labor Statistics. Nearly every food item is now more expensive.

Will prices ever go down again? ›

“Projected inflation levels over the next five years range from 2.3%-2.9%, so prices shouldn't stay elevated as they are indefinitely,” Rosen said. “We expect to see decreases across the board as we go into 2023 and should hope to end 2023 around 3% inflation.”

Why are the rich getting richer? ›

In recent decades, U.S. companies have grown their profits faster than households have increased their incomes. This result has lifted the prices of stocks, which are mostly owned by the higher-income households. For the well-positioned, the economic circle has been splendidly virtuous.

What states have the highest inflation rate? ›

Families in the Mountain West (Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah, and Wyoming) are facing the highest inflation rates, with prices today 15.4 percent higher than in January 2021.

Can inflation affect the stock market? ›

How Does Inflation Affect Stocks? Inflation hurts stocks overall because consumer spending drops. Value stocks may do well because their prices haven't kept up with their peers. Growth stocks tend to be shunned by investors.

Do the rich get richer during inflation? ›

This happens because inflation hurts the lower incomes but actually enriches the higher incomes. Imagine a family making $30,000 with no assets seeing a 5 percent annual inflation rate. They see their expense rise by 5 percent (losing $1,800 in buying power due to the inflation) and have no way of making it up.

Should you pay off your mortgage during inflation? ›

In general, you want to keep your mortgage with a negative real interest rate for as long as possible because inflation is paying down your mortgage for you. However, sometimes, not every financial decision is about maximizing returns.

Who is most likely to benefit from inflation? ›

Inflation allows borrowers to pay lenders back with money worth less than when it was originally borrowed, which benefits borrowers. When inflation causes higher prices, the demand for credit increases, raising interest rates, which benefits lenders.

Why is inflation worse for poor people? ›

Inflation is hitting the poorest families up to a third harder than the richest ones, due to the soaring cost of essentials such as gas and food, says the charity Barnardo's in a new report. Its conclusions are based on interviews with low-income families and new analysis of economic data.

What happens if inflation gets worse? ›

If inflation is higher than 2%, the Fed generally will raise the federal funds rates (which leads to increased interest rates) to try to slow the economy's growth and lower inflation.

Why are we in a cost of living crisis? ›

A rapid increase in energy costs, particularly the wholesale price of gas, has been a key driver of the recent increases in inflation. Housing and household services (which include electricity and gas) and transport (which includes motor fuels) contributed to over half of annual CPIH inflation in July.

Why is food getting so expensive? ›

A number of factors have contributed to the rise in food costs: A deadly avian flu has meant fewer eggs in the United States, a severe drought in Brazil slashed coffee crops and the war in Ukraine led to a spike in wheat prices in the spring.

How much should I spend on food each month? ›

If you're a single adult, depending on your age and sex (the USDA estimates are higher for men and lower for both women and men 71 and older), look to spend between $229 and $419 each month on groceries. For a two-adult household, the figure above will double: $458 to $838.

Are we headed for a recession 2022? ›

There are many different signs but there's no one indicator.” During the second quarter of 2022, growth slowed at a 0.9% annualized rate, which some economists would consider to be the start of the recession.

How likely is a recession in 2022? ›

The sharp contrast between the index's average recession path and the six-month path in 2022 suggests that a recession is unlikely to have started in first quarter 2022, despite two consecutive quarters of declining GDP in the first half of 2022.

Which is worse inflation or unemployment? ›

The fallout from a recession and high unemployment is simply much worse than high inflation, Claudia Sahm, a former Federal Reserve and White House economist, said in a July newsletter. Startups and small businesses face a serious risk of closing down.

Why does full employment cause inflation? ›

Then, if workers and employers expect higher inflation, it results in higher inflation, as higher money wages are passed on to consumers as higher prices. This causes the short run Phillips curve to shift to the right and upward, worsening the trade-off between inflation and unemployment.

Who is harmed by unexpected inflation? ›

Lenders are hurt by unanticipated inflation because the money they get paid back has less purchasing power than the money they loaned out. Borrowers benefit from unanticipated inflation because the money they pay back is worth less than the money they borrowed.

Does higher inflation lead to higher interest rates? ›

When inflation is too high, the Federal Reserve typically raises interest rates to slow the economy and bring inflation down. When inflation is too low, the Federal Reserve typically lowers interest rates to stimulate the economy and move inflation higher.

What is the rate of inflation UK 2022? ›

UK inflation summary for August 2022

The Consumer Price Index for United Kingdom is 123.1 for the month of August 2022. The inflation rate year over year is 9.8% (compared to 10.1% for the previous month). Inflation from July 2022 to August 2022 was 0.5%.

What is the expected UK inflation rate for 2022? ›

Annual inflation rate in the UK unexpectedly edged lower to 9.9% in August of 2022 from 10.1% in July, which was the highest reading since 1982, and below market forecasts of 10.2%.

How much is inflation up right now? ›

Stats
Value from Last Month8.52%
Change from Last Month-3.07%
Value from 1 Year Ago5.25%
Change from 1 Year Ago57.35%
FrequencyMonthly
4 more rows

What is the cost of living increase for 2022 UK? ›

Consumer prices, as measured by the Consumer Prices Index (CPI), were 9.9% higher in August 2022 than a year before. Increases in the costs of consumer goods, underpinned by strong demand from consumers and supply chain bottlenecks, have been one factor causing rising inflation.

Why is everything going up in price? ›

What is causing inflation? In short, during the pandemic, we saw supply chain disruptions (decreased supply) combined with a massive increase to the money supply (increased demand). Basic economics tells us that less supply combined with greater demand means higher prices, explains Hoffer.

What happens when inflation rises? ›

In an inflationary environment, unevenly rising prices inevitably reduce the purchasing power of some consumers, and this erosion of real income is the single biggest cost of inflation. Inflation can also distort purchasing power over time for recipients and payers of fixed interest rates.

Why is inflation bad for the economy? ›

Less Purchasing Power

The most obvious impact of inflation is that it hurts your purchasing power. If you can't buy as many goods and services as you did before inflation, your quality of living will eventually diminish.

Why is UK inflation so high? ›

Why is the rate of inflation in the UK so high? Higher energy prices is the main reason why inflation is currently so high. In particular, Russia's invasion of Ukraine led to big increases in the price of gas. The war in Ukraine has also increased food prices.

What will interest rates be in 2023? ›

Interest-rate forecast.

We project a year-end 2023 federal-funds rate of 1.75%, compared with 3.25% for the consensus. Further out, our 2026 and long-run projection for the fed-funds rate and 10-year Treasury yield are 1.75% and 2.75%, respectively.

How high will UK inflation go? ›

UK inflation now stands at more than five times the 2% target set by the government for the Bank of England (BoE). The BoE recently forecast that inflation will peak at around 13% by the end of this year and will continue at “elevated levels” through 2023.

Will inflation cause a recession? ›

High inflation rates can indicate an impending recession, as businesses react to higher costs by reducing production and increasing prices. And if the Federal Reserve takes action in the form of more rate hikes to curb rising inflation, there's a risk that the move could help trigger a recession.

Why is US inflation so high? ›

The current high inflation rate can be attributed to many different factors, many of which are a result of the Covid-19 pandemic. Gapen pins rising prices on three general causes — increases in household demand and supply-chain shortages due to the pandemic, the war in Ukraine and the presence of a strong labor market.

Will inflation ever stop? ›

A July analysis by supply chain firm Flexport found consumer preference for goods has started to decline. This period of inflation could end by the middle of 2023, Hogan estimates. “We're seeing prices come down and that will help shorten the inflation cycle,” he says.

How much should a family of 4 spend on food UK? ›

What's the average food bill for family of 4 in the UK? The average monthly food bill for a family of 4 in the UK is £708; £466 of this is spent on groceries and £242 is spent on food prepared out of the house. The average weekly grocery bill for a family of 4 in the UK is £108.

How long will the cost of living crisis last UK? ›

Cost of living crisis likely to last until second half of 2023.

Why is food so expensive UK? ›

The pandemic and Brexit left a serious shortage in workers in the UK - including truck drivers - which created temporary empty shelves and empty pumps at filling stations among other problems - again driving up prices of everything from food to clothes.

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