US Import Price Inflation during the COVID-19 Pandemic
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Increases in the prices of imported goods contributed to the overall rise in the US inflation rate during the COVID-19 pandemic. Mary Amiti , Oleg Itskhoki , and David Weinstein investigate the source of import price inflation, distinguishing global shocks from US-specific demand increases, in What Drives US Import Price Inflation? (NBER Working Paper 32133). The researchers find that US import price inflation tracked worldwide trends from early 2020 until the middle of 2022. US import
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