"As the labor market tightened during 2021 and 2022, core inflation rose as the ratio of job vacancies to unemployment increased. This ratio is used to measure wage pressures that then pass through to the prices for goods and services. As workers bargain for better pay, firms begin to increase prices. So, from this research, the authors find that three main components explain the rise in inflation since 2020: volatility of energy prices, backlogs of work orders for goods and service caused by supply chain issues due to COVID-19, and price changes in the auto-related industries."
Researchers examine why inflation rose during the COVID-19 pandemic.
www.bls.gov
"The current high inflation rate can be attributed to many different factors, many of which are a result of the Covid-19 pandemic."
Select spoke to an economist about what's causing the high prices we've been experiencing lately.
www.cnbc.com
"Many of the forces driving inflation last year - such as supply disruptions from Covid and higher food prices after severe storms and drought hurt harvests - were not unique to the US."
A surge in government spending drove US inflation to the highest of advanced economies last year.
www.bbc.com
View attachment 805479
The conspiracy theorist simp answer is that it has nothing to do with covid and everything to do with Biden. Unfortunately, conspiracy theorist simps are going to have a really hard time backing that up with a link that isn't from Gateway Pundit.
www.economicshelp.org
