High inflation and efforts to tame it defined 2022 economy


              Josh Kern, the CEO of SPG Hospitality, poses at a J. Alexander's, one of the restaurants operated by the company, on Wednesday, Dec. 14, 2022, in Atlanta. Restaurants and grocery stores are struggling to contain higher costs and figure out whether they can pass them along to customers as higher prices. (AP Photo/John Bazemore )
            
              FILE - Local residents watch as a bombed building is dismantled in Borodyanka, Kyiv region, Ukraine, Tuesday, Dec. 13, 2022. When Federal Reserve's economists in the U.S. put together their forecasts a year ago they didn't foresee that Russia would send tens of thousands of troops into neighboring Ukraine. (AP Photo/Andrew Kravchenko, File)
            
              File - Passengers look at the train schedules in the Euston station in London as rail workers stage a strike on Tuesday, Dec. 13, 2022. Consumer prices are rising across Europe and the United Kingdom where public service workers are demanding higher pay as soaring inflation erodes living standards. (AP Photo/Kin Cheung, File)
            
              FILE - Money is exchanged at a food stand inside Grand Central Market on Wednesday, July 13, 2022, in Los Angeles. U.S. inflation, an economic afterthought for decades, returned in 2022 with the relentless rise in prices devouring workers' pay and putting American consumers in a foul mood. (AP Photo/Marcio Jose Sanchez, File)
High inflation and efforts to tame it defined 2022 economy