The dynamics causing inflation are beginning to pile up.
- the pandemic caused a slow down in production;
- the strong economic recovery from the pandemic caused a short supply of products due to labor shortages and historically high demand exceeding supply; and,
- now the Ukraine war where major suppliers of commodities are sidelined.
Gasoline is now averaging over $4.00 per gallon with some places seeing prices as high as $7.00. Be prepared for a significant surge in housing prices as the infographic below explains.
