Skyrocketing prices made inevitable by COVID money printing

Matthew Lesh appears on GB News

IEA Head of Public Policy Matthew Lesh has appeared on GB News to discuss figures that show a 16.7 per cent increase in the price of food.

Matthew said:

“There’s a bunch of things going on in the food industry; there are supply chain challenges associated with the Russia-Ukraine War, rising costs of fertilizers and pesticides, rising cost of energy, increased transport costs, and labour shortages.

“In many ways, this is a hangover from the very loose economic situation we saw during COVID, which is that we decided to pump a whole lot of money into the economy. Inevitably, that’s going to feed through into higher prices.”

Matthew’s full appearance can be viewed here (42:20).