AFTER struggling with Covid-19, some economies are now facing higher inflation level due to excessive demand that was unmatched by underwhelming supply.
The Federal Reserve (Fed), the most closely watched central bank in the world, started its fight against inflation during the last quarter of 2021. October’s 2021 annual inflation rate chalked up 6.8% year-on-year (y-o-y): the highest since 1982, and the increase in prices could be seen across many sectors including gas, food and housing.
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