A handful of items are driving inflation in America
Our new measure shows that this portends lower inflation—but not enough for the Fed to lower its guard
CONSUMER-PRICE inflation has risen to 5.4% in America, the highest in 30 years. On November 3rd the Federal Reserve said it would taper bond purchases, a step towards higher interest rates. Most economists say that this bout of inflation is a result of temporary disruptions caused by covid-19, and that it will pass. But some think it presages a longer-term trend.
This article appeared in the Graphic detail section of the print edition under the headline “The used-car conundrum”
Graphic detail November 6th 2021
From the November 6th 2021 edition
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