News / We the People

US rising inflation

Thursday, 27 January 2022 1:06 AM [ Last Update: Thursday, 27 January 2022 1:35 AM ]

The US annual inflation has hit a 30-year high amid the coronavirus pandemic as well as the glitch in the countrys supply chain.

Supply chain disruptions across the country have been driving up prices and leading to a growing shortage of goods. The government maintains hopes that the inflation could fall close to 2 percent by the end of 2022, yet a plethora of economic analysts find such a scenario unlikely. US officials are pinning their hopes on controlling the pandemic, which they believe is the main factor in controlling the inflation gripping the United States today.

The US Federal Reserve is, meanwhile, shifting towards a tighter monetary policy to battle the rising inflation amid the supply chain snarl. In this episode, we will try to investigate a topic that many are talking about in the US media: Inflation, why it is rising, who is to blame and what could be done about it.

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