The cost of rising inflation
Inflation began to rise due to global supply chain issues caused by the Covid-19 pandemic, with inflation rates reaching 4.7% in 2021. By 2022, the economy had fared no better, and inflation reached 8% in the US. This report investigated 8,500+ SKUs and observed that prices had increased for 80.28% of SKUs during this period.
Learn how businesses have been affected by the Covid-19 pandemic, increasing inflation and interest rates