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What was the main driver of inflation from 2019-21?

Aug 25, 2022
A New York Fed economist says 60% of inflation was driven by demand for goods, and 40% was from supply-side issues that magnified that higher demand.
Without the supply chain bottlenecks we've experienced, we might have seen 6% inflation at the end of last year, instead of 9%, a New York Fed economist posits.
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