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.
“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
Local 12: Head injury survivor, doctor share importance of...
April 23, 2024
Local 12 spoke with patient Shane Shapiro and the University of Cincinnati's Laura Ngwenya about the importance of wearing a helmet following Shapiro's traumatic brain injury and recovery.
WVXU: Why is part of Green Township called Dent?
April 23, 2024
UC College of Arts and Sciences professor tells WVXU that Ohio's glacial past might explain how Dent got its name.
Students get a ‘Jumpstart’ on their careers in Dallas
April 23, 2024
Students from Carl H. Lindner College of Business’ Jumpstart program — a pipeline between UC Blue Ash and the business college that provides students with additional support toward transitioning into a bachelor’s degree program — experienced a whirlwind visit to Dallas during spring break 2024.