Commodity prices have been experiencing a significant rise lately. The Labor Department's most recent consumer-price index report showed an increase of 4.2% from April 2020 to April 2021.
Economists at the Milken Institute believe the severe price pops to be expected as reopenings remain inconsistent in different areas. According to reporting from the Wall Street Journal, investors currently face dwindling solutions to deal with the inflating costs as gold faces near-record prices and U.S. stocks take extended declines.
Today on AirTalk, we dive into the potential effects inflation would have on consumers and investors.
Delia Fernandez, fee-only certified financial planner and investment advisor with Fernandez Financial Advisory, LLC in Los Alamitos
William Lee, chief economist at the Milken Institute, an economic think tank based in Santa Monica; he specializes in Asia, trade, the global economy, job creation and more