Inflation is locked in for 2021 as the supply chains scramble to meet the demand of a post-covid economy. The squeeze on the supply chain will lead to rises in commodity prices which is happening now. This will lead to a cost-push inflation cycle in the price of labour, money, land, services, and so. on. This will bring a period when price discovery will be translucent at best and opaque at worse.
The move towards government over-regulation and rising taxes will add a new measure to the impact of inflation on individuals, families, companies, and non-profits. There will be dramatic shifts in foreign exchange rates as the US dollar either rises or falls relative to your currency of choice. The cryptocurrency phenomenon is a wildcard in the future inflation projections. The emerging issue for these new currencies is the sustainability of your coins - what is the providence of them? Who mined them? Is the cryptocurrency you use or invest in an ethical entity?
Inflation is a multi-variant factor in the local, national, and international economy that serves your wants and needs in 2021 and beyond [see photo].
Richard
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