Inflations was transitional and has been tamed. Core CPI was nothing last month.
An inflation gauge closely tracked by the Federal Reserve rose in August, boosted mainly by higher gas prices.
apnews.com
The US fared better than almost any other first world nation regarding inflation.
The U.S. is finally seeing inflation cool down, but other countries, especially in Europe, are still seeing prices spike.
www.marketplace.org
The cause of inflation was nearly all supply shortages and corporate profit taking.
2% normal inflation
3% profit taking
3% supply constraints
1% demand stimulus driven
9%. Total 2021 inflation
What factors are behind the recent inflation surge has been a huge topic of debate amongst academics and policymakers. We know that pandemic-related supply constraints such as labor shortages and supply chain bottlenecks have been key factors pushing inflation higher. These bottlenecks started...
libertystreeteconomics.newyorkfed.org
Biden has righted the ship. OPEC is driving oil prices higher world wide even with US producing the most oil and energy ever in history as a net exporter. Home prices are high due to housing shortages.
The answer is more investment in home building and alternative energy production.