Are We Stuck Between Hyperinflation And A Recession?
Economics Explained
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How Bad Is Inflation Going to Get?
Inflation is high right now for two reasons. There has been a lot of money injected into economy the past two years, and there have been severe product shortages caused by supply issues stemming from pandamic lock downs,. trade tensions and now a war in eastern europe. Both of these will increase the prices of goods, but it's difficult to say which is having a bigger impact at any given time.
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