<div id="readability-page-1">It increasingly looks as if the inflation problem that emerged five years ago wasn't a one-off event, but the defining economic challenge of the decade — and Americans don't like it one bit. The big picture: Price pressures were already reaccelerating in the last few months, and that was before the U.S.–Israeli attack on Iran disrupted global energy supplies. Since the initial outburst in 2021, economists have taken solace that price spikes...</div>

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<p>The inflation issue that began five years ago is now seen as the major economic challenge of the decade, causing discontent among Americans. Recently, price pressures have been increasing, exacerbated by the U.S.–Israeli attack on Iran, which has disrupted global energy supplies. Economists had hoped the price spikes were temporary, but the situation suggests otherwise.</p>

- Inflation has emerged as a persistent economic challenge for the decade, causing significant dissatisfaction among Americans.  
- Recent months have seen a reacceleration of price pressures, exacerbated by geopolitical events disrupting global energy supplies.  
- Economists had previously noted price spikes but had hoped they were temporary; current trends suggest otherwise.

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Why inflation is the economic problem of the decade