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The article says inflation is up 1.5% overall, and 3% on food in the United States. The food inflation is partially due to increased shipping costs for food, du
by PragmaticPulp 6y ago
The article says inflation is up 1.5% overall, and 3% on food in the United States. The food inflation is partially due to increased shipping costs for food, due to increased demand on goods overall. This is demand-pull inflation
> In the U.S., prices rose close to 3% in the year ending Jan. 2, according to NielsenIQ, roughly double the overall rate of inflation.
The soaring food inflation refers to developing countries like Indonesia, which are facing a different set of problems.
- insert_coin 6y ago> This is demand-pull inflation This is not demand-pull inflation. People are not eating more than they were a few months ago. This is supply constraints making their way up the chain, constraints in the supply of shipping and in the supply of produce.