One of the major economic consequences of the covid-19 pandemic that started in early 2020 is the unusually high inflation rates in most countries. In March, 2022, for instance, the annual inflation rate hits 8.5% in the U.S., the highest level since 1981, and 5.9% in EU, the highest level since the introduction of the euro in 1999. In your opinion, how did inflation become so high during the covid era and what can be done to reduce it?