Cause..

 

The White House maintains that the bill, American Rescue Plan, was essential to ushering in the economic recovery, physically reopening schools and distributing vaccines during a deeply uncertain pandemic. They dismissed the notion that this relief plan fueled increases in prices.

Economists concede that the $1.9 trillion bill did contribute to inflation, though there’s some debate about how much.

The pandemic-related supply chain woes and, more recently, Russia’s war in Ukraine, USA role in extending the War, the G7 sanction-Restriction on oil and natural gas sale, wheat and fertilizers are major factors driving up costs.