During the last months, statistics regarding inflation rates have signaled an increase that is higher than the rate during recent years. The uptick has led to investors and financial experts alike to reflect on the current atmosphere. “We’re seeing very substantial inflation,” relayed Warren Buffett, chairman and CEO of Berkshire Hathaway, in May 2021 at the conglomerate holding company’s annual shareholder meeting. “We are raising prices,” Buffett added. “People are raising prices to us and it’s being accepted.”
His comments came just after prices for consumer goods jumped amid growing concern from investors and businesses alike. In April 2021, the consumer price index raised 4.2 percent since April 2020, the largest increase since September 2008. The central bank has forecasted an annual inflation rate of 3.4 percent for 2021.
