4 ms·
Sorry I can't explain it any better. Try reading Milton Freedmans work. Inflation was going up well before the Russian invasion and sanctions. So I believe the
by georgeplusplus 4y ago
Sorry I can't explain it any better. Try reading Milton Freedmans work.
Inflation was going up well before the Russian invasion and sanctions. So I believe the covid stimulus, i.e literally money printing to be the main driver of it, and exacerbated further by supply shocks. Otherwise I would expect to see Core CPI come down.