Hawaii residents feel the burden as pent-up demand drives up

Hawaii residents feel the burden of rising prices as pent-up demand drives up costs
Samie Solina
© Provided by Honolulu KHNL
A 76 gas station in Honolulu is selling gas for $4.03 a gallon.
HONOLULU (HawaiiNewsNow) - The cost of US consumer goods shot up 5.4% in the past year — the highest its been since 2008, according to the Labor Department.
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Still, pent-up demand is driving prices up quickly.
“The pandemic has disrupted production and distribution, what we call supply chains,” said Paul Brewbaker, an economist with TZ Economics.
“That has caused prices to rise where demand exceeds supply in order to clear the markets and signal to producers to make more for which there are shortages.”

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