RE: Why is inflation a global phenomena, it's 10% in Germany,
Posted on: October 16, 2022 at 10:12:58 CT
raskolnikov MU
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Inflation was driven by demand outstripping during the heady first days of what we saw as Pandemic end. The condition was turbo-charged a bit by supply chain issues and high transport prices. Corporate malfeasance in hiking prices under the guise that oh gee it was just inflation only made it worse. It is a global pandemic (see pan) and global economy.
Blaming Biden is weak politics.