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Inflation and how to counter it

Inflation is high because of the knock-on effects of world gas, oil, and some other prices being pushed up by the Ukraine war. That compounds with supply blockages, some due to China’s Zero-Covid lockdowns. As some spending power pent up during lockdowns is released, and creates some “snowball” of expanding market demand, those factors make it easy for bosses in many sectors to push up prices.
Institute For Fiscal Fiscal Studies Leon Trotsky

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