While price increases for goods have cooled, as supply bottlenecks from the pandemic clear, the progress in other areas is proving more difficult. Consumer prices in the US rose again in December, driven by higher costs for housing, medical care, dining out and car insurance. Inflation, the rate at which prices climb, was 3.4% over the year, Inflation in the world’s largest economy has dropped sharply since peaking at 9.1% in June 2022, when the war in Ukraine sent energy costs soaring. The Federal Reserve responded by raising borrowing costs significantly to cool the economy and ease price pressures. It said last month it had likely finished raising rates, fuelling debate about when it might start cutting them again. DO you think inflation is man-made and it can be completely be controlled ?
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