We know the causes: worker and product shortages have resulted in pandemic-era price hikes for such goods such as used cars, as well as strong consumer demand.Now, the Federal Reserve has come down from the mountain to rein inflation in. In October, the central bank announced a tapering of its pandemic stimulus. It has since accelerated the pace of that and forecasts multiple interest rate hikes this year.As the stimulus winds down, supply chain constraints are slowly improving.
These higher salaries, particularly for lower paying jobs, won't go away in 2022.Energy and food costs are also pushing higher. Food prices soared last year, and rising fertilizer prices and bad weather promise to keep those costs high.And while energy costs eased in December amid the Omicron surge and took some of the heat out of the monthly inflation numbers, economists think this could reverse in 2022.
That depends on how much reckless spending the government does.
People will stop buying certain items that are not absolutely necessary. Of course wealthy people won’t care if they want a certain item.
Prices can go as high as corporate profits
Prices of meat are way down here in NY. Prime rib went from $19 a pound to a current price of $9 a pound. I own a restaurant
Ask your hero, Joe Biden
What haapoen to the trickle down windfall Corporations got now they pay less than Middle Class America. 21% Tax Rate NOT including deductions making it 11.5%. Middle Class America got chummed..
Some of yall need an economics class. It's called supply and demand
I’m still trying to determine when morphed into FoxNews. WTF.
As high as the greedy companies want them to go LOL logic inflation
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We'll find out in the next 3 years.
Because of the pandemic, it's a suppliers market that they can pretty much can get whatever price they want to retailers.
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