Artsy – The prices of U.S. consumer goods hit a staggering 7% annual increase this week, marking the fastest rate of inflation in four decades. The precipitous rise in costs of food, fuel, and energy alongside more disconcerting factors including rent and wages over the past 12 months suggests that the trend upwards may not prove transitory, as supply chain upsets, high demand, and increased consumer spending—among other factors—continue to erode the purchasing power of the dollar. – read more
