What are the 5 causes of inflation

Inflation has been top of mind for many over the past few years.

What are 10 causes of inflation

Effects of inflation

How is inflation measured

What is inflation

What are the 3 main causes of inflation

But how long will it persist? In June 2022, inflation in the United States jumped to 9.1 percent, reaching the highest level since February 1982. The inflation rate has since slowed in the United States, as well as in Europe, Japan, and the United Kingdom, particularly in the final months of 2023.

But even though global inflation is higher than it was before the COVID-19 pandemic, when it hovered around 2 percent, it’s receding to historical levels.

What is causing inflation in 2023

In fact, by late 2022, investors were predicting that long-term inflation would settle around a modest 2.5 percent. That’s a far cry from fears that long-term inflation would mimic trends of the 1970s and early 1980s—when inflation exceeded 10 percent.