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Food, gas prices pinch families as inflation surges globally – Kansas City, Missouri

Kansas City, Missouri 2021-11-29 06:21:02 –

From electronics stores in the United States to the food market in Hungary to gas stations in Poland, rising consumer prices, supported by high energy costs and disruptions in the supply chain, are putting a pinch on homes and businesses around the world.

As the economy recovered from the blockade caused by the COVID-19 pandemic, increased consumer demand helped lead to higher inflation.

Central and Eastern European countries, such as Poland and Hungary, are one of the countries that feel the rise in prices most seriously.

Due to currency depreciation and an import-oriented economy, it is particularly vulnerable to price increases and has one of the highest inflation rates in Europe.



Food, gas prices pinch families as inflation surges globally Source link Food, gas prices pinch families as inflation surges globally

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