Inflation what is causing it?

Question

Can someone please explain why the cost of everything is rising, what caused it to start in the first place. We have been in war for a while so I can't understand what cause this crazy change of events

Simple answers please

Answer 1

We are causing the inflation in our country!!!

Answer 2

last ditch effort of bush cronies , before the elections , to squeeze the last few dimes from the middle class .

Answer 3

the fed is cutting rates, meaning the cost of borrowing is very low between banks, and consequently money is more accessible in the economy.

when money is more accesible, that means there is more of it. more money means inflation. this is just 1 of the reasons.

that is why EuroBank is so against lowering their interest rates--for fear of inflation.

Answer 4

One factor is the increasing use of biofuels. This replaces land that used to be used for growing food for growing fuel crops. Less food being produced means higher prices for food. Another factor is growing demand for oil in general from rapidly developing countries like China and India. Stronger demand means higher oil price. When the price of oil goes up this raises the cost of transporting food to consumers and the retailers add that extra cost on to the price of food.

Answer 5

The cost of fuel impacts on virtually everything and is driving inflation. People demand more money from their employers who increase prices to cover costs etc etc.......