HOT WIRE: Special Topic - Inflation
Special Topic: Inflation
Heading toward the bottom of the macroeconomic business cycle, inflationary pressures are more pronounced than they were at the bottom of the prior cycle. Consumer Price inflation, at 2.3%, is 0.7 percentage points above the five-year average; Producer Price inflation, at 1.9%, is 1.3 percentage points higher than the five-year average. Longer-term, inflation will be generally more robust in 2021 than in 2020. The question is simple: What is causing this upward tick?
Inflationary pressures within the economy.... [read more]
Also in this Issue
- Readers' Forum
- A Closer Look: The US Economy
- ...and more!