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How big is the threat of inflation in the post-pandemic era? PolitiFact explains
Economists say that most of the current rise in consumer prices stems from supply chains having to adjust quickly to greater economic activity after the pandemic.
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Published 1 hour ago
Inflation â a phenomenon that most Americans havenât had to think about much for a decade or two â has reemerged as a concern as the economy recovers from the coronavirus pandemic.
On May 12, the government announced that the consumer price index was 4.2 percent higher in April 2021 than a year earlier, the fastest increase since the Great Recession, more than a decade ago.
(Illustration: Monica Duwel, Washington University)
January 20, 2021 SHARE
Election Day turned into Election Week, then two months of corrosion, court cases, controversy and, ultimately, tragedy in the citadel of U.S. democracy.
America continues to suffer from the pandemic, from economic fallout and mass unemployment, from social and political fissures.
Amid this backdrop, change arrives in two of the three branches of the U.S. government: President Joe Biden and Vice President Kamala Harris as well as a new cabinet assumes control upon the Jan. 20 inauguration, and a retooled Congress, with both the House of Representatives and Senate either closely or evenly split among Republicans and Democrats.