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US inflation jumped 7% in December as prices rise at rates unseen in decades, page-6

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AmbrosePethick

20,062 Posts.

13/01/22

12:23

Post #: 58832590
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Originally posted by thecurious1: ↑

Here's one cause.

"Disruptions to the global supply chain caused by the pandemic are still causing shortages and driving up the price of goods, from cars to meat and furniture."

"“What we have now is a mismatch between demand and supply. We have a very strong demand in areas where supply is constrained,” Powell said."

What cause do you think is the major contributor to the rise ?

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Un necessarily closing a pipeline would have had absolutely no effect on the supply of petroleum products either?

Would it?

Further the price of fuel has absolutely no effect on inflation, does it?
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