Inflation To NEVER Decrease

Inflation continues to soar higher and higher in the United States thanks to President Biden’s economic policies and the COVID-19 pandemic.

Now Axios believes that some of these inflated costs will never come down to what they were before the pandemic began.

Axios further explained that before the pandemic began, inflation was running cool at the Federal Reserve’s target of 2% annualized. This smooth sailing was attributed to cheap labor, good technology and efficient productivity.

Now, America is backlogged with a number of issues spanning from supply chain bottlenecks, a shortage of workers, and higher prices that President Biden has failed to combat. The bad news is that many experts believe

MSCI Research’s executive director Thomas Berbraken explained to Axios, “as per market expectations, a return to pre-COVID price levels seems unlikely — at least for most items in the consumer’s basket.”