Months	Inflation Rate		Months	Inflation Rate
Apr. 2020	0.3	Mar. 2021	2.6
Sept. 2020	1.4	Apr. 2021	4.2
Oct. 2020	1.2	May 2022	8.6
Nov. 2020	1.2	June 2022	9.1
Dec. 2020	1.2	July 2022	8.5
Jan. 2021	1.4	Aug. 2022	8.3
Feb. 2021	1.7	Sept. 2022	8.2

1. State and explain 2 trends you observe from the table about the current state of the economy in terms of the historical inflation data for the last 12 months?
2. Which is more prevalent (demand-pull inflation or cost-push inflation or both) at the present moment? Explain with examples of 2 goods and/or services.
3. Is the U.S. economy heading towards stagflation or recession in the coming months? Do explain.