Veale Institute executive director Michael Goldberg was consulted for a piece on economic uncertainty and food insecurity in Northeast Ohio with Channel 5 News.
“There’s optimism that inflation has perhaps peaked and is on its way down, but we don’t know that for sure,” said Michael Goldberg, an Associate Professor of Design and Innovation at ǿմý’s Weatherhead School of Management.
He explained global events, like the war in Ukraine, COVID restrictions in China or other unexpected economic shocks will continue to affect the prices of food and energy in the U.S. A bright spot stateside is that pandemic-related supply chain challenges appear to be improving.
“We're seeing some alleviation there, but we may continue to see high prices for things like energy, which can spike based on global demand and also grocery and food prices,” Goldberg said.