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Recovery leaves Americans confronting unfamiliar inflation risk
The Federal Reserve says a temporary period of higher prices represents just the latest twist in the coronavirus pandemicâs unprecedented bust and boom.
David Lynch
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Widespread shortages and production snags are driving prices higher for many everyday items, as an uneven economic reopening leaves Americans facing the unfamiliar risk of inflation.
With new cars in short supply, more consumers are turning instead to used models, driving up their prices beyond expectations.Â
Bloomberg
Most economists expect prices for many goods and services to show continued gains on when the US Labour Department releases its monthly inflation report on Wednesday (Thursday AEST).