The Return of Global Inflation

Key Takeaways:

• Prices have been increasing for a wide range of goods, including poultry, diapers, and petrol, over the past year, hinting at the return of global inflation.
• The current inflation rate in the U.S. confirms that pricing pressures are pervasive and rampant across the economy.
• American workers are lagging because of chronic, demand-driven inflation, which is significantly higher than nominal wage increases.
• Many industries are feeling the strain and are under pressure to maintain historical performance as fewer dollars are available to spend on other commodities.