How to Defend Yourself Against Inflation? JumpTask Solution: Part 2

> Inflation is rising due to the war actions in the EU, supply chain issues, quantitative easing, and pent-up demand.> Central banks around the world are raising interest rates to combat inflation.> Higher interest rates pressure consumers and businesses, as borrowing and spending are more expensive.> JumpTask allows users to earn and invest in $JMPT. Investors also can maximize their $JMPT returns via staking.
US inflation rate. Source:
  • War Actions in the EU: An ongoing war in the EU is causing an increase in energy prices. The conflict is pushing oil and gas prices to skyrocket, which is the primary driver of rising inflation.
  • Supply Chain Issues: The pandemic caused supply chain disruptions worldwide, which made the transportation of goods more expensive. The lockdowns in China are still ongoing, affecting global trade and prices.
  • Quantitative Easing: The Federal Reserve (the central bank in the US) used quantitative easing to support businesses and individuals during the pandemic. A record amount of money was created and injected into the economy, which caused inflation to rise.
  • Pent-up Demand: People were restricted during the pandemic lockdowns. As the restrictions were lifted, people began spending more. When demand for goods in services increases, prices go up.
  • A borrower. An interest rate is the % you pay to someone for borrowing.
  • A saver. An interest rate is the % you get to your account for saving.
  • From 2020 to 2022: the US central bank kept the interest rate at only 0.25%. This was done to support businesses and individuals during the Covid-19 pandemic. When interest rates are low, borrowing money and spending it on goods and services is easier, which supports economic growth.
  • From 2022 onwards: the central bank raised the interest rate significantly to 1.75%. This was done to tackle inflation. When interest rates are high, it is more difficult to borrow money, and spending on goods and services goes down. This leads to lower price increases.

The key idea is this: central banks use interest rates to combat inflation. They raise them, which makes borrowing and spending more expensive. Less spending eventually leads to lower increases in prices.

  • Capital Appreciation — cryptocurrency tokens have the potential to go up in value
  • Passive Income — tokens generate passive income via staking, lending or yield farming
  • People can start staking from 10 $JMPT without significant commitments
  • Investors receive staking rewards every 10 minutes
  • Everyone can enter and exit the staking pool anytime without penalties



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JumpTask - the gig economy-based marketplace that allows companies to make the most out of the collective skills possessed by a globally dispersed workforce.