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Solutions. and there s going to be more we ll have to talk about as well. but first, i want us to be crystal clear about the problem. there are two leading causes of inflation we re seeing today. the first cause of inflation is the once in the century pandemic. not only did it shut down our global economy but through the supply chains and demand completely out of wack especially countries where more effective recovery responses weren t available. especially in those sectors that rely on semiconductors. these supply challenges have been further hampered by the onset of delta and omicron viruses and you ve all seen it and all felt it. we have a second cause, second cause. mr. putin s war in ukraine. you saw we saw in march that 60% of inflation that month was due to price increases at the
InflationProblemSecond-causeSolutionsCausesCrystalTwoEconomyCountriesPandemicSupply-chainsRecovery-responsesWell. first, i want to be clear about the problem. there are two leading causes of inflation. first cause of inflation is the once in a century pandemic. not only did it shut down our global economy, it threw the supply change and demand out of whack, especially in countries where more effective recovery responses were available, those that rely on semiconductors. the supply challenges have been hampered by the onset of delta and omicron viruses. you all have seen it and all have felt it. this year we have a second cause. mr. putin s war in ukraine. you saw we saw in march that 60% of inflation that month was due to price increases at the pump for gasoline. putin s war has raised food
InflationProblemFirstCausePandemicCausesTwoEconomyCountriesSupply-changeWhackRecovery-responsesBe more we re going to have to talk about as well. first, i want to be crystal clear about the problem. there are two leading causes of inflation we re seeing today. the first cause of inflation is a once in a century pandemic. not only did it shut down our global economy. it threw the supply chain and economy out of whack. especially were more recovery responses weren t available. especially in the areas that rely on semi conductors. the supply challenges have been hampered by the onset of delta and omicron viruses. and you ve all seen it. you ve all felt it. and this year we have a second cause. a second cause. mr. putin s war in ukraine. you saw we saw in march that 60% of inflation that month was due to price increases at the pump for gasoline.
InflationProblemFirstCausePandemicCausesTwoEconomySupply-chainWhackRecovery-responsesIt