The news that U.S. consumer prices have jumped 6.2% in the past year has the nation suddenly abuzz about the threat of inflation.
As our economy emerges from a global pandemic, the current run-up in prices has unique origins. It is clear, though, that one of the primary contributors to today’s rising prices is the soaring cost of fossil fuels, and consumers across America are feeling the pain at the pump and in our heating bills.
