https://web.archive.org/web/20220918230130/https://www.economist.com/finance-and-economics/2022/09/13/america-still-has-an-inflation-problem

Based on the article, answer the following:

• Why is high inflation a concern for an economy?
• Analyzing the chart in the article, what industries have contributed most to overall inflation? Why?
• What is one cause of high inflation in the American economy presently? How is this linked to unemployment?
• Americans see fuel prices as more indicative of price trends than do economists. Why might this be?
• Explain this statement from the article: "In other words, only in the rosiest scenarios does it seem America can escape the inflation mire without lots of job loses."