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The Holiday tale of Inflation, supply chain, and the Omicron variant

By: Damian Arzabala
Picture
(Credit: Shutterstock) ​
                   As we enter the peak of the 2021 holiday season, the effects of the ongoing pandemic are center stage throughout the country. The news is filled with talks of higher inflation rates, supply chain issues, and the Omicron variant, but what does all of this actually mean?
                   As of late you may have realized that prices seem to be a little higher than they normally are. From food to toys, everything has slowly been creeping up in price due to inflation. Inflation, being the rise in prices for goods and services, ultimately means that our dollar has less purchasing power than before. This year, the country has hit the highest level of inflation since 1982. The exact reason as to why this inflation level of inflation is taking place can not be narrowed down to one singular thing as there are many factors that play into this. One of the biggest and often most attributed to these issues would be the ongoing pandemic. Whether it be oil supply or supply chain issues, a lot of the blame goes back to the virus.
                  While doing some holiday shopping this year you may have noticed that a lot of things are taking much longer to ship than we are used to. The biggest culprit are the supply chain issues we are facing at the ports. Due to the pandemic many people resorted to shopping online more than usual and as such, there has been a hold up of products at the ports. Due to the lack of proper infrastructure there have been many delays in shipping times throughout the country. What these supply chain issues have caused are an increase in demand for all sorts of goods, and because many sellers have not been able to keep up, this has only further contributed to the inflation. Additionally due to not being able to get these supplies from overseas as easily, sellers have resorted to raising prices.
                   The news is filled with talks of the new Omicron variant, but how does this play into the economic state of the country? As more people do their best to return to a new normal, the truth is that the pandemic is only growing in numbers. With inflation and covid on the rise, this holiday season may prove to be a turning point for the economy and may even be a sign that we are headed towards a recession for the first time since 2007. As the holidays reach their peak, it’s important to remember to follow the news and remember to be safe- not just to protect yourself from the virus but also to hedge yourself against the tumultuous turn the economy could possibly take.
 


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  Border Proud
  • Home Page
  • What is Border Proud?
  • Regional Identity Spring 2022
    • Post Pandemic Consumer Spending
    • Income Inequalities
    • Globalization
  • Regional Identity Fall 2021
    • Editor Selects
    • Economic models, GDP and the Quality of Life: A Commentary
    • NFTs and Crypto Assets
    • Amazon Distribution Center and its Economic Impact on the City of El Paso
    • The Holiday tale of Inflation, supply chain, and the Omicron variant
    • Coronavirus and the Economy
  • Regional Identity Spring 2021
    • Incorporation of Sustainability in the Business World
    • Financial Markets in the United States
    • Are Hospitals Spending Smart?
    • What Vaccines Could Mean for Air Travel
    • Let’s Talk About Inflation during the COVID-19 Pandemic
    • Regional Organization Collaborates with Border Proud Students
  • Regional Identity Fall 2020
    • Voter Behavior During COVID-19
    • The Economic Impact of Restricted Borders in the U.S.
    • Rising Cost of Healthcare due to COVID-19
    • COVID: Consumer Behavior and Its Consequences
    • COVID-19 and Its Effect on the Gender Pay Gap
    • Amazon in the Borderplex Tristate 2021
    • Navigating the Election During COVID-19
  • Regional Identity Collection
    • RI - Fall 2019 >
      • Nobel Laureates Use Economics to Study Global Poverty Crisis
      • Acquisition of El Paso Electric
      • Effect on Retail Sales Post Walmart Shooting
      • Sun Country Montessori: Serving El Paso’s Children
      • Downtown El Paso: Construction Underway!
    • RI- Spring 2019 >
      • Starting a Company in 3 Days
    • RI - Spring 2017 >
      • The Cannabis Market in El Paso
      • A Gateway Opportunity: The Housing Authority
    • RI - Fall 2016 >
      • Border Crossing Visionary Meeting
      • Casas por Cristo
      • Go 10
      • The Reynolds Home
    • RI - April 2016 >
      • Argentina Anew
      • Dave & Buster's
      • The Economics of Coffee Shops
      • What a Hotel can do for a Community
      • Peso Devaluation
    • RI - February 2016 >
      • Bear Market: OIL
      • Carlos Bakery
      • Hispanic Enrollment Increases
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    • Economic models, GDP and the Quality of Life: A Commentary
    • NFTs and Crypto Assets
    • Amazon Distribution Center and its Economic Impact on the City of El Paso
    • The Holiday tale of Inflation, supply chain, and the Omicron variant
    • Coronavirus and the Economy
  • Regional Identity Spring 2021
    • Incorporation of Sustainability in the Business World
    • Financial Markets in the United States
    • Are Hospitals Spending Smart?
    • What Vaccines Could Mean for Air Travel
    • Let’s Talk About Inflation during the COVID-19 Pandemic
    • Regional Organization Collaborates with Border Proud Students
  • Regional Identity Fall 2020
    • Voter Behavior During COVID-19
    • The Economic Impact of Restricted Borders in the U.S.
    • Rising Cost of Healthcare due to COVID-19
    • COVID: Consumer Behavior and Its Consequences
    • COVID-19 and Its Effect on the Gender Pay Gap
    • Amazon in the Borderplex Tristate 2021
    • Navigating the Election During COVID-19
  • Regional Identity Collection
    • RI - Fall 2019 >
      • Nobel Laureates Use Economics to Study Global Poverty Crisis
      • Acquisition of El Paso Electric
      • Effect on Retail Sales Post Walmart Shooting
      • Sun Country Montessori: Serving El Paso’s Children
      • Downtown El Paso: Construction Underway!
    • RI- Spring 2019 >
      • Starting a Company in 3 Days
    • RI - Spring 2017 >
      • The Cannabis Market in El Paso
      • A Gateway Opportunity: The Housing Authority
    • RI - Fall 2016 >
      • Border Crossing Visionary Meeting
      • Casas por Cristo
      • Go 10
      • The Reynolds Home
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      • Argentina Anew
      • Dave & Buster's
      • The Economics of Coffee Shops
      • What a Hotel can do for a Community
      • Peso Devaluation
    • RI - February 2016 >
      • Bear Market: OIL
      • Carlos Bakery
      • Hispanic Enrollment Increases
      • Kopi Coffee
      • Toll Lanes
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      • The Missing 43
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