White House Says Inventories May Be Limited at Christmastime Due to Supply Crisis

Arlene Salas scans an item at Target on the Thanksgiving Day holiday in Burbank, Calif., in 2012. (Jonathan Alcorn/Reuters)

Though the U.S. economy has re-opened, a supply chain crisis persists, prompting the White House to announce that certain items may not be available to consumers in the upcoming holiday season.

With inflation marching on, recent data suggests the price hikes won’t be tempering anytime soon, given that large industries ranging from meat to semiconductors are facing transportation issues causing supply squeezes and production bottlenecks.

As demand for energy continues to skyrocket due to the post-COVID recovery, U.S. oil prices hit nearly $80-a-barrel Monday for the first time in nearly seven years. The Federal Reserve last month projected that the 2021 inflation rate will far exceed its 2 percent target and float around 4.2 percent.

In June, the White House established a task force with the purpose of encouraging collaboration between government and private sector firms to rectify the market disequilibriums leading to higher sticker prices for goods and services for Americans.

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