ASU economist discusses the impact of inflation in the state
If you’ve been to the grocery store lately, you’ve probably noticed the increase in food prices. New research shows that prices of meat, seafood, produce, cereal, and other foods shot up 9% in 2021. Consumers have been experiencing sticker shock at checkout, and we wanted to find out if there was any relief in sight.
Inflation is becoming an increasing concern as prices for gas, food, and other goods are up significantly over a year ago. Arizona PBS discussed the impact of the inflation of prices with ASU economist Dennis Hoffman.
In this story aired Feb. 1, 2022, on Arizona PBS:
Getting products to the shelves to serve consumers is tough in an era when there are not as many transport drivers as there used to be, supply chains are simply not working like they used to, and packaging is not available like it used to be, and that’s what we face.
– Dennis Hoffman, professor of economics
Latest news
- Musical instruments would get more expensive under Trump's tariffs
Increased prices could limit who learns to play an instrument, says an ASU supply chain expert…
- Why wealthy Americans work
An ASU economist's research shows that the affluent don't work for more stuff, but for better…
- ’Big league’ or big illusion? Study calls time on splashy stock market anomalies
In his latest research, an ASU professor invents a stock market anomaly to expose the shaky…