Higher prices that have followed the pandemic have meant parent Ashley Keenan has had to make adjustments. “I really have to stretch that dollar sometimes.” While relief may not being coming immediately, one Iowan economist said inflation will not last forever.
Dr. Anne Villamil is a Professor of Economics at the University of Iowa. She said inflation following the pandemic is going on longer than experts expected. “I think the Fed did not consider the continuing supply chain issues.” She added it wasn’t just demand post-COVID that has led to higher prices—China’s policy in response to COVID cases is affecting supply. Russia’s invasion of Ukraine is, as well.