Higher inflation has been more persistent than many expected, largely driven by the anomalies of the pandemic — most significantly on the supply side, due to supply chain and labour market issues still lingering from the economic shutdowns. Now, we may be facing continued headwinds as a result of the conflict in Europe.
Of course, we don’t expect similar hyperinflation. It is likely that inflationary pressures will temper as things return to normal. However, there’s little dispute that inflation is here, at least for the short run, so consider these ways to help deal with inflation.
If you want to become an instant “trillionaire,” you can buy the Zimbabwean note on eBay. The irony is that the one hundred trillion dollar bill is worth more today than when it was in circulation: around US$200, which represents a whopping “appreciation” of about 61 percent per year since 2009 and certainly one that has surpassed inflation!
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