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Supply Chain, Consumer Demand, Housing Contribute to Fastest Inflation in 40 Years

Housing, supply chain hiccups and consumer demand are among the reasons inflation has risen at the fastest pace since 1982.

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Reuters

By Barbie Latza Nadeau

The Consumer Price Index jumped by 6.8 percent over November in what has been the swiftest increase of inflation since 1982. Analysts told The New York Times they blame supply chain disruptions, consumer demand tied to the pandemic, and skyrocketing housing costs. The spike won’t be good news for the White House which has struggled to bring the economy back online after the devastating effects of pandemic lockdowns including changing consumer needs and the rapid halt of some factory production.

Read it at The New York Times

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