Domestic inflation increases to 5% amid supply chain issues

Concerns continue over inflation as prices for everything from used cars and trucks to computers, shoes and furniture are all on the increase. ASU economist Lee McPheters talks about this inflation and its possible impact on Arizona.

Concerns continue over inflation as prices for everything from used cars and trucks to computers, shoes and furniture are all on the increase. ASU economist Lee McPheters talks about this inflation and its possible impact on Arizona.

In this story published June 21, 2020, on Arizona PBS:

What’s happening right now is that the types of costs that businesses are seeing are really tied into supply chain issues. One that gets a particular focus here in Arizona in construction is lumber costs.

– Lee McPheters, research professor of economics