INLAND EMPIRE – (INT) – Some volatility in the region’s economy is likely, yet is continuing its steady growth.

That’s the latest assessment by the Institute of Applied Research (IAR) at Cal State San Bernardino.

The volatility stems from the conflict in Ukraine, rising inflation, increasing borrowing rates, snarled supply chains, and talk of gas prices higher than ever.

The institute said Tuesday that there are indications that price pressures are beginning to ease, and the Fed is taking actions to curb inflation. Yet it is possible that the geopolitical crisis will lead to even higher energy and food prices as well as deeper supply chain bottlenecks.

The institute’s director Barbara Sirotnik said “At this point all we can say with certainty is that short term predictions about the regional economy are impossible to make with any sense of accuracy.”

Story Date: March 9, 2022