Category: USA

GSP loss -> inflation; inflation -> GSP loss (and repeat)

Written on June 10, 2022 in USA

This morning, BLS reported U.S. inflation of 8.6% in May, the highest rate since 1981. It is not just a US issue – earlier this week the OECD doubled its 2022 inflation estimate for member countries from 4.5% to 9%. GSP expiration raises prices, which in turn contributes to higher US inflation. At the same...

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