2021 ended with inflation hitting an astonishing 7% rate – higher than it has been since the 1980s. There are few areas of life left untouched by rising costs. If you consume anything, you’ve felt the sticker shock.
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While the word “recession” dominated economic discussion throughout 2020 and 2021, “inflation” is the new buzzword among economists. You can’t throw a rock without hitting a report about the U.S. inflation problem.