Spectrum News 1: Inflation reaches 40-year high
UC professor says rapidly rising costs won’t be a permanent problem
A number of factors have caused inflation to reach a 40-year high, but it won’t be a permanent problem, University of Cincinnati economics professor Asawari Deshmukh told Spectrum News 1.
Asawari Deshmukh, assistant professor – educator of economics at the University of Cincinnati Carl H. Lindner College of Business.
“Very, very high level of supply chain issues, which in the long-term it's not a permanent problem — you can fix it,” Deshmukh, an assistant professor – educator in the Carl H. Lindner College of Business, said. “Given enough time things will adjust.”
In the meantime, Deshmukh encouraged people to buckle down with their budgets.
“Just stay moderate, and as you rightly suggested, weather the storm of high prices,” Deshmukh said. "We hope that most of these price changes, or price hikes, which are caused by supply chain issues, or just the logistics parts of it are sorted out really soon and we get some relief there.”
See more from Spectrum News 1.
Featured image: Shoppers at the Clifton Market. Screenshot courtesy of Spectrum News 1 video.
Impact Lives Here
The University of Cincinnati is leading public urban universities into a new era of innovation and impact. Our faculty, staff and students are saving lives, changing outcomes and bending the future in our city's direction. Next Lives Here.
Related Stories
Will a gas tax help lower prices at the pump?
May 14, 2026
WCPO recently reported on Kentucky and Indiana’s steps to combat surging gas prices, cutting and suspending state gas taxes, respectively. UC economist Michael Jones explained the impact on Cincinnati.
Is a colonoscopy painful?
May 13, 2026
The University of Cincinnati's Susan Kais, MD, assistant professor of clinical medicine in the Division of Gastroenterology and Hepatology in the College of Medicine and UC Health gastroenterologist, recently appeared on the ARC Cincinnati morning program on Local 12/WKRC-TV to answer common questions from viewers about colonoscopies and to dispel myths.
Telescope captures information about lonely Jupiter-like gas giant
May 13, 2026
Science outlets highlight a University of Cincinnati student's collaborative discoveries about an exoplanet 901 light years away.