3 ms·
> The pandemic didn’t cause this inflation. Have you tried buying a car, new or used, recently? Supply chain issues caused by the pandemic certainly caused (pa
by throw0101c 3y ago
> The pandemic didn’t cause this inflation.
Have you tried buying a car, new or used, recently? Supply chain issues caused by the pandemic certainly caused (parts of) inflation. Then there's geopolitics (energy/oil, food/wheat), also not helping with inflation.
Supply-driven inflation looks to be the cause of at least half the run-up:
* https://www.frbsf.org/research-and-insights/publications/economic-letter/2022/06/how-much-do-supply-and-demand-drive-inflation/ https://www.frbsf.org/research-and-insights/publications/eco...
* https://www.frbsf.org/research-and-insights/data-and-indicators/supply-and-demand-driven-pce-inflation/ https://www.frbsf.org/research-and-insights/data-and-indicat...
* https://en.wikipedia.org/wiki/Cost-push_inflation https://en.wikipedia.org/wiki/Cost-push_inflation