The world's biggest furniture brand IKEA is raising prices by an average of 9% as it faces increasing costs in transport and raw materials, the owner of most of its stores worldwide said on Thursday.

In case you haven’t heard … prices? They’re higher these days. That’s not terribly surprising, given the global supply chain debacle, but it turns out a once-in-a-lifetime pandemic has an impact, too. Dozens of countries have experienced inflation since the onset of the pandemic, and the United States has one highest rates. Today, we look at how the U.S. approach to addressing inflation differs from other countries around the globe. We’ll also take a trip to a warehouse to see its role in the global supply chain, hear how the Great Resignation isn’t necessarily benefitting everyone and celebrate jobless claims that haven’t been this low since the Beatles were together.

Inflation has continued to concern investors into the month of August, causing many growth stocks to give back any footing they gained in the prior month. Since the February top in tech growth, only select names in the cloud and semiconductor space, as well as big tech, are at new highs, while many high fliers from last year are still building a base.

Matt is joined by economist Julia Coronado to talk about inflation, markets, and employment in the pandemic recovery economy. They discuss housing, new and used car markets, and possible strategies toward achieving full employment.

It comes as the economy continues to move toward a full reopening.

Prices were .06% higher in May than they were in April.

Rising costs at its factories — an accelerating trend, new data showed — could trickle into the rest of the world economy.

The ebbing of the pandemic has brought price increases, supply bottlenecks and labor shortages. Key indicators will show whether it’s just a stage.

From the Fed: Minutes of the Federal Open Market Committee, April 27–28, 2021 . A few excerpts: In their comments about inflation, partic...

“You name it, and we have a shortage on it."

Of all the businesses to suffer from the global shortage of computer chips, dog washing — a low-tech affair involving soap, water and a dirty pet — ought to be near the bottom of the list.

Soaring material costs and supply chain woes threaten the industry's rebound.

Pressures on global supply chains are increasing and disruptions are likely to only get worse as summer approaches and the economy booms.