Colleges Are Now Adjusting Their Tuition and Fees to Account For Inflation as a Result of the COVID-19 Effect.
Historical Inflation Rates in the United States Since the end of the gold standard in 1973, the US economy has experienced consistent inflation with occasional spikes. The most recent increase is the one we are currently witnessing in 2022. To combat the recession caused by COVID-19, the US government has provided a series of subsidies, resulting in unprecedented inflation in modern US history. Natural resource prices are rising daily, exacerbated by the Russo-Ukrainian war in early 2022, and inflation is now projected to be 8.6 percent in May and 9.1…