– How can inflation be hitting this hard in the US, when the dollar is getting stronger around the world when compared to other currencies like the Euro?

Question

– How can inflation be hitting this hard in the US, when the dollar is getting stronger around the world when compared to other currencies like the Euro?

In: 16

Answer 1

Because “this hard” is actually less hard than almost everywhere else, Europe in specific has a precarious situation on its eastern border, so people are trying to stay as stable as possible, and the Dollar is the most stable option.