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This week’s R&D covers inflation in the U.S. economy.  The Bureau of Labor Statistics (BLS) reported this week that consumer prices rose by 6.2% in October and inflation is standing at its fastest increase since 1991.  Shortages of consumer goods due to supply chain issues, all of which exacerbated by the COVID-19 pandemic, are making the problem worse and are wiping out some recent wage gains made by American workers.  The inflation issue is also becoming a political problem for President Joe Biden, who is seeing his approval ratings crash near the end of his first year in office.