Atlanta’s inflation rate is above the national average.
According to the U.S. Bureau of Labor and Statistics, Atlanta’s inflation rate is 7.9%.
On Thursday’s edition of “Closer Look,” Tom Smith, a professor in the practice of finance at the Goizueta Business School, told program host Rose Scott that the economy is growing at a fast pace now, but when the pandemic hit, the economy was pushed off its rails.
“We went through what’s called an economic shock that we hadn’t experienced before and changed the way that we live, the way that we do business, the way that we work,” said Smith.
During the conversation, Smith further explained that the shutdown of economies, combined with supply and demand shifts and changes in consumption habits, are factors that have contributed to inflation.
