I was walking past my favorite fast food chain today when I remembered reading a news a few days ago that several fast food chains in the US -  namely Chipotle Mexican Grill, McDonald and Burger King have decided to raise prices for their products across their menus due to rising raw material and labor costs.

U.S Consumer Price Index (CPI), which represents a basket including food, energy, groceries, housing and sales across a spectrum of goods, rose 5% year on year in May. This represents their fastest pace of increase in nearly 13 years. The last CPI gain which was above 5% was dated back in August 2008 when CPI gains 5.3% that year.

For a long time in this decade, we have grappled with the expectation and live with low inflation since the Great Financial Crisis in 2008. While many are still recovering from the