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A car on a sales lot with a green price sticker on the windshield with other cars in the background.

Why is inflation so high? Is it bad?

December 17, 2021, William Hauk

Consumer prices jumped 6.8% in November 2021 from a year earlier – the fastest rate of increase since 1982, according to Bureau of Labor Statistics data published on Dec. 10, 2021. The biggest jumps during the month were in energy, used cars and clothing. Economics professor William Hauk explains in The Conversation what’s driving the recent increase in inflation and how it affects consumers, companies and the economy.