Inflation was once seen as transitory as the United States economy moved from dealing with a pandemic to more normal operations. Unfortunately, rather than lift, inflation has not alleviated in the slightest as many citizens have seen a hike in the prices of food, toiletries and other necessities, with wages that have not risen to match. Many economists have since recognized that inflation may persist long into the new year.
Inflation itself is to be a product of the world bracing for an economic downturn, only to be met with a quick recovery led by increases in government spending. Businesses have since been forced to adapt quickly to meet this demand, which has had a ripple effect on their supply chain. With shortages of major supplies,
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