Source: Bureau of Labor Statistics , White House . Data is seasonally adjusted and as of Oct. ’21.
However, easy policy has been at the core of many previous cycles, and trying to blame everything on the pandemic hasn't gone over especially well with consumers, whoseWhether inflation is temporary, in fact, is probably the biggest debate happening in investing circles these days.Joe Raedle | Getty Images
The inflation danger comes because this cycle is unlike any other in one important way: Policymakers have never thrown anything close to this amount of money at the economy. Still, he also sees declining commodity prices – with oil at the center – as well as falling shipping costs and the lessening of clogs at the ports as hopeful signs that inflation will, at least in historical terms, prove temporary.
Beside that, though, most mainstream economists are sticking to the belief that 2022 will say a significant drop in inflation.Mark Zandi, the chief economist at Moody's Analytics, feels that way even though he says there are close parallels between the current predicament and the runaway inflation of the 1970s.
Watchu know about inflation son? Zim2008
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