With inflation affecting the rising costs of important commodities like food and gasoline, many Americans are left with higher and higher monthly bills on necessities for their daily lives.
As inflation get up to 9.2% this month according to the Organization For Economic Cooperation and Development,
“The world economy is again in danger,” The World Bank warned, according to The Associated Press. “This time, it is facing high inflation and slow growth at the same time … It’s a phenomenon — stagflation — that the world has not seen since the 1970s.”
Ross: A brief history of presidential efforts to fight inflation
Matthew Gardner, the Chief Economist for Windermere Real
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