3 ms·
Not only in the US. Everywhere. If you look at prices for raw materials (metals, food, wood etc) there is a large increase visible. In combination with huge amo
by holoduke 5y ago
Not only in the US. Everywhere.
If you look at prices for raw materials (metals, food, wood etc) there is a large increase visible.
In combination with huge amounts of extra printed money leads to a significant inflation globally.
- postpawl 5y agoThe spike in wood prices is likely due to high demand from new building and housing renovations + a number of reasons for a supply shortage: https://www.vox.com/22410713/lumber-prices-shortage https://www.vox.com/22410713/lumber-prices-shortage
- imtringued 5y agoInflation is just a different way of saying high demand. The question is will that demand persist or will the supply side start expanding?
- throwaway0a5e 5y agoExactly. The prices of a handful commodities that underpin the economy have jumped. But all commodities are tied to all other commodities to some extent. We're gonna see those increases disperse into the rest of the economy. The trillion dollar question is which increases will persist and to what extent.