Inflation just hit another high and the consensus appears to be it will go higher. It’s chic to pin this problem on the events happening now in Europe, but the core source of our current inflationary spiral pre-dates the Russian invasion.
The present bout of inflation has many fathers. Any one of them alone might not have been enough to spur it, but a coincidental series of unfortunate events may have been too much for our long era of low inflation to survive.
