What causes inflation? How do you think the situation will be next year?
So, like, inflation has a few reasons behind it. First off, prices go up, especially for stuff like food and energy. That directly hits our everyday expenses.
Then there's this thing called core inflation, which takes out factors like food, energy, transportation, and housing prices. It's a big deal too. It involves supply chain pressures, the effects of high energy prices seeping into different industries, and trends in the job market, like job availability and higher wages.
On top of that, the Russia-Ukraine conflict and the ongoing impact of COVID-19 are still in the mix for this year's inflation forecasts. New variants are messing with global economic recovery. With all these factors swirling around, it's a bit like, you know, uncharted territory. Forecasters give us the lowdown, but we're basically in a wait-and-see situation to figure out how it all pans out in the future.
How do you think the situation will be next year?
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Some famous words of Buffett. I hope it's useful to you. : )
215Followers
4Following
4645Visitors
Follow
RR000BBBBB : our biggest problem with inflation this year, in my opinion, will be dedollarization.
with more and more nations dumping the dollar for alternatives, especially the ones who no longer trade oil with it, is causing the demand for the dollar to drop and decreasing its value. this is making us have to spend more dollars to buy less everything.
I feel that this above everything else is our problem with inflation
areecepOP RR000BBBBB: Good point