How Long Will Inflation Continue?
November 12, 2021 7:44AM EST
LOS ANGELES, CALIFORNIA – NOVEMBER 11: A person shops in the meat section of a grocery store on November 11, 2021 in Los Angeles, California. U.S. consumer prices have increased solidly in the past few months on items such as food, rent, cars and other goods as inflation has risen to a level not seen in 30 years. The consumer-price index rose by 6.2 percent in October compared to one year ago. (Photo by Mario Tama/Getty Images)
The U.S. economy is seeing an unprecedented spike in price inflation – and economists fear it could continue for quite a while.
Economist Megan Greene of the Kroll Institute told the Associated Press the economy will eventually return to normal, but that “I think this could last another year easily”.
Consumer prices went up by 6.2% in October in 5.4% in September – the largest increase of the last 30 years.
How long do you think inflation will continue? What’s the best thing the government can do to slow it down?
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