You truly have no ability to evaluate the consequences of things.
Here, let me give you a lesson:
What causes inflation?
- Demand-pull. The most common cause for a rise in prices is when more buyers want a product or service than the seller has available. ...
- Cost-push. Sometimes prices rise because costs go up on the supply side of the equation. ...
- Increased money supply. ...
- Devaluation. ...
- Rising wages. ...
1) Covid caused businesses to close but the demand was still there. In many cases, the demand was even higher as the people were home and consuming more than normal. Nonetheless, the fact that businesses closed, the supply was not there, meaning that it was a major cause for inflation going up.
2) Costs went up because the demand was there but there was no production of the products, so the costs of the product went up among producers.
3) Money supply increased because of the Stimulus packages that were put together to help people, given that they were not getting incomes.
4 The Dollar devalued 10% in value during the first year of the pandemic, given that the Yen and other Asian currencies got stronger because of their prompt and proper handling of the pandemic (unlike Trump's handling), which allowed them to get back to business faster and sooner.
5) wages of low-wage workers rose during the pandemic because those products (such as food) was in big demand and those workers that could work during that time were paid more to work because of the need.
So now that I have addressed how the pandemic caused a large part of the inflation that came, who is the misinformed and not knowledgeable person here? You, of course.