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Good morning. Welcome to Axios today. It's Thursday, December 16th. I'm Nyla Boudou.

Here's what you need to know today. How one church in Mayfield, Kentucky is helping its neighbors.

Plus, tips on managing mental health this winter. But first, today's one big thing, the economy of 2021.

The US economy dominated so much of the news this year.

Just this week, we learned that wholesale inflation in November rose at a record rate from a year ago.

Axios' Courtney Brown has that in the other big stories of 2021 in economic news. Hey, Courtney.

Hey, Nyla.

I think we have to start with inflation. Is that the one big thing of 2021 for you?

The one big thing of 2021 for me, as far as the economy is concerned, is shortages.

But this idea of prices rising at the fastest pace since I've been alive, right?

Like that idea in shortages are very intertwined.

One of the reasons why prices are rising so rapidly is because there's so much consumer demand.

And there isn't enough stuff to meet said consumer demand. It's kind of like econ 101.

And do we expect that will continue?

This is the big puzzle that the Federal Reserve has to solve.

Last week, the Fed chair had to do a Mayacopa.

...