Japan had struggled to even reach the central bank inflation target of 2%.
For Lester Gouvia, chef-owner of Norma G's Detroit, business in the pandemic economy has been a "rollercoaster."
Will worries about higher costs down the road lead to curtailed spending?
A package of eggs recently jumped 60% in a week at one grocery store. Many economists fault the Erdoğan government's policies.
Some are cutting hours and reducing inventory. Others are purchasing more to get better deals from suppliers.
Rising input costs do not seem to be hurting every business' bottom line.
The price of many products, supplies and raw materials has been rising. Retailers must figure out when to pass those costs along to customers.