Inflation is growing worse across the U.S., and now producers are warning their consumers that this is a problem that will not be going away soon.

Procter & Gamble, for example, announced that many of its prices will rise in the coming weeks since the cost of raw materials remains high, according to the Post. The company owns huge brands like Tide, Gillette and Crest.

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“We do not anticipate any easing of costs,” P&G chief financial officer Andre Schulten said. “We continue to see increases week after week, though at a slower pace.” . . .

And other corporate giants such as Coca-Cola, PepsiCo and General Mills have warned buyers throughout the year that costs will keep going up, according to CNBC.

These costs keep climbing in the aftermath of the economic disruption of COVID-19, and now everyone is suffering from inflation.

The Wall Street Journal reported that U.S. inflation has reached the highest level seen in a decade.

This comes from the jump in the cost of the most basic materials that every producer needs. Lumber costs skyrocketed this spring, and wheat, copper, oil, corn, wood-pulp and other such essential raw materials have seen big surges in prices after last year’s COVID-19 economic crashes. . . .

Though inflation is obviously hitting corporate America hard, it is also damaging the entire distribution chain of the United States, meaning that every single person going into the grocery store is going to run into problems finding and affording what they need.

Moody’s Analytics reported that the current inflation means that families are having to spend an extra $175 a month on the basic necessities of housing, food and fuel.

These are the unfortunate costs that Americans now have to pay in the aftermath of COVID-19 and such upheaval of the economic structure and broader culture. After massive unemployment and a deep dive in the prices of raw materials during COVID-19 shutdowns last year, as things recover, prices are surging.

What are your thoughts about inflation and the economy?

(Excerpt from Western Journal. Picture Credit: Getty Images.)