Just curious, how would supply constraints lead to inflation? I'd expect lower supply would cause deflation
When there's a supply constraint - not enough hamburgers to go around - the price of hamburgers goes up and as such there is inflation.
Inflation refers to the price of goods increasing.
If supply reduces and/or demand increases, all else equal, prices increase. If supply increases and/or demand decreases, all else equal, prices decrease.
Just curious, how would supply constraints lead to inflation? I'd expect lower supply would cause deflation