ECONOMICS

GROUP 07

THE UNITED STATES OF AMERICA’S

INFLATION IN RECENT YEARS: ITS CAUSES
AND EFFECTS
 Group members
1. Tsu Minh Phat – 2152231
2. Huynh Vinh Phat – 1852648
3. Nguyen Tan Phat – 2153679
4. Huynh Thanh Phuc – 2052211
 TABLE OF CONTENTS

01 02 03
CAUSES AND
IntroDUCT
DATA result
ION
ANALYSIS
 01
IntroDUCTION
 02
CAUSES AND
DATA ANALYSIS
 What’s in it

The Russia-Ukraine war The China’s “Zero-Covid” policy

Find out how the Russia- Ukraine Find out How this policy can
war exacerbates the USA’s affect the USA’s inflation rate?
inflation?
The Russia-Ukraine war

The USA’s inflation rate in one year, dates back 2021

 The China’s “Zero-Covid” policy
Definition:

It is a special strategy which brings Covid infection to zero so China will become
virus-free
Remain as the toughest policies in the world
using strict, targeted lockdowns
effect
More than 60 million people are under strict, abrupt lockdown
especially in Shanghai, Beijing. Shanghai and Beijing are not only
one of the wealthiest and most developed cities in China but they
also hold an extremely critical position in the global economy
China is the world’s arsenal where accounts for 15% of world
merchandise exports and Shanghai handles around a fifth of
China’s port volume
High unemployment rate and limited outdoor activities.
Lockdown in those large cities are significantly concerned it
threatens global supply chain in logistics and industry. It is a reason
that makes prices of goods increase sharply
China’s exports to the USA has decreased
dramatically since the policy worked out
 03
RESULT
 Result
Inflation in the US climbed to its highest level in 40 years
in January, with prices rising by 7.5% from 2021
Consumer price index- CPI rose 0.6% from December,
higher than expected when inflation rose 0.9% on a
monthly basis.
Rising food, electricity and shelter prices were the biggest
contributors to this increase. The food index increased by 0.9%
in January 2022 after increasing by 0.5% in December 2021, the
energy index also increased by 0.9% compared to 2021.
Furthermore, near the end of 2021, U.S. gasoline prices rose
faster, from $0.9. in December 2021 to nearly $1.20 in May Rising consumer prices have battered Joe Biden’s approval ratings

2022.
Thanks for listening!