The underlying cause seems to be a surge in demand though. Its sounds like inflation, but if this is caused by covid relief money then hopefully it will calm down once that money is spent.
With work from home, for some workers the time previously spent in a commute may have partly been converted into time spent consuming. I know this applies to me at least. WFH also allows online shopping during breaks, that was not something I would do at the office.
I personally have spent way more than normal on sports goods, clothes, furniture, and home improvement during the pandemic.
Life is lived differently nowadays and some changes will persist, it will be interesting to see how this impacts global trade.
I personally have spent way more than normal on sports goods, clothes, furniture, and home improvement during the pandemic.
Life is lived differently nowadays and some changes will persist, it will be interesting to see how this impacts global trade.