Friday, October 28, 2022

Beyond the Numbers

Bureau of Labor Statistics
The latest Beyond the Numbers article is available here: https://www.bls.gov/opub/btn/volume-11/exploring-price-increases-in-2021-and-previous-periods-of-inflation.htm. Highlights are below.

Exploring price increases in 2021 and previous periods of inflation

10/28/2022

Measures of price change in the U.S. recently experienced the largest period of inflation since 2008. Ongoing complications of the coronavirus pandemic contributed to this. In 2021, a semiconductor shortage caused decreased production in a variety of industries. Port congestion resulted in product delivery delays and to substantial supply shortfalls, causing upward price pressure. To gain perspective on recent trends, this article turns to past periods of high inflation.

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