Shoppers Pinch Pennies As Inflation Soars, Fearing Recession Rise

U.S.’s soaring inflation and how the increase in costs is changing the way Americans shop and what they buy. With fears of a recession on the rise, shoppers are buying more generic store brands and choosing cheaper options of products. Inflation rose at rates not seen in more than three decades and inflation will continue to rage all across America in 2022.

Gas prices, food costs, cars, and home prices are all skyrocketing. Supply chain and labor shortages are rampant. Is this the start of a cycle of hyperinflation? Will we see a market crash? Is inflation transitory?