Americans are still hearing about the country’s inflation problems, and they’re seeing it reflected in both news reports and gas prices.
Although the consumer price index has risen to its highest level in over 40 years, it’s still unclear what’s causing this inflation and when it will end. Many people believe that the pandemic has put a significant strain on the country’s economy, but it’s not clear exactly how the dollar’s value has been affected.
Besides the average person, inflation also affects other people. Economists often agree that certain factors contribute to the rising prices, but they disagree on which ones are most responsible.
Chart Westcott 