Inflation: Understanding its Impact on the Economy
Tom Spencer
JANUARY 26, 2024
Since 2008, the rate of inflation in the U.S. Starting in 2021, however, America has experienced inflation rates of up to 9%. Businesses also need to pay more for inputs, like raw materials and labour, leading them to scale back production or further increase prices. remained stable, at or below the Fed’s 2% target.
Let's personalize your content