Only a few years in the past, inflation appeared like a difficulty the US and lots of different main western economies had outgrown. “Is inflation dead?” Businessweek requested in 2019, beneath a picture of an ailing dinosaur. After which got here Covid-19.
Provide chain points, illness, demise and the struggle in Ukraine upended international commerce. Propped up by authorities handouts and financial savings, shoppers bounced again from the pandemic shutdowns solely to discover a quick provide of every thing from used automobiles to housing was triggering a…
