What is inflation: The causes and impact | McKinsey
https://www.mckinsey.com/featured-insights/mckinsey-explainers/what-is-inflation
WEBAug 17, 2022 · In January 2022, inflation in the United States accelerated to 7.5 percent, its highest level since February 1982, as a result of soaring energy costs, labor mismatches, and supply disruptions. But inflation is not a new phenomenon; countries have weathered inflation throughout history.
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