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Investor Presentaiton

United States Annual Inflation Rates (2011 to 2021) Condition of U.S. Economy ■ U.S. economy continues to recover from disruptions spawned by pandemic ■ Supply shortages persist with large reductions of inventories for certain goods and services ■ Inflationary pressures continue to drive prices higher Annual inflation rate for U.S. was 6.8% for the 12 months ending November 2021 Highest rate since June 1982 8 6 4 3 2 1.7 1.5 0.8 0.7 2.3 21 2.1 2.1 1.9 1.4 6.8 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Data provided by U.S. Inflation Calculator 4

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