Allianz Chief Economic Adviser Mohamed El-Erian said he predicts headline inflation “will probably come down to about 8%,” but that core inflation “is still going up.”
Allianz Chief Economic Adviser Mohamed El-Erian said he predicts headline inflation"will probably come down to about 8%," but that core inflation"is still going up."Ahead of the release of the latest consumer price index reading this week, Allianz Chief Economic Adviser Mohamed El-Erian told CBS'"Face The Nation" Sunday that he predicts headline inflation"will probably come down to about 8%," but that core inflation"is still going up.
Core inflation is what measures the drivers of inflation and how broad they are, so El-Erian said an increase in core inflation means"we still have an inflation issue."Stay informed during the severe weather season with our local news and weather
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