Due to the Russia-Ukraine crisis, the price of food and energy has been rising ever since, affecting ordinary people's lives around the world. U.S. inflation rate even reached its 40-year high, with food, gasoline and shelter being the three largest contributors to the increase in prices. How does inflation occur? What effects did monetary policies of the Federal Reserve have on inflation? Can inflation be brought under control? This episode of Facts Tell decodes the true stories behind inflation.

A Facts Tell Studio Production. The video reflects the author's opinions and not necessarily the views of CGTN.

For more:
https://news.cgtn.com/news/2022-07-10/What-caused-inflation-and-who-should-be-responsible--1byKNI9Uyg8/index.html

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00:00 Intro
00:34 What’s the Inflation in the U.S. Now?
01:18 What Is Inflation?
02:07 Two Features of U.S. Inflation
04:01 Reason One: FED
05:42 Reason Two: Biden’s American Rescue Plan
07:38 Reason Three: Unbalanced U.S. GDP Structure
08:55 Reason Four: Trade Protectionism
10:11 Reason Five: RU-UR Conflict
10:58 Opinions
11:21 Outro