by Maurie Backman
MSN
It’s hardly a secret that inflation has been a problem for several years running. This recent bout began back in 2021 when Americans, flush with stimulus cash, started to spend money more freely at a time when supply chains were battered. That caused demand to surge and prices to rise.
Inflation hasn’t been as rampant these past couple of years as it was back in 2022, when it peaked at over 9%. But it’s been annoyingly elevated.
And the worst may not be over. In fact, there’s reason to believe the economy may be headed for something worse than inflation — stagflation.