Inflation Was Worse Than We Thought

Dashboard oil pressure gauge has a scale showing INFLATION and a needle pointing at the danger red zone. Illustration of the concept of high inflation rate and increasing cost of living

Dragon Claws/iStock via Getty Images

By William J. Luther

The Bureau of Economic Analysis has revised its estimates of inflation. The bad news: prices have risen faster than was previously thought. The Personal Consumption Expenditures Price Index (PCEPI), which is the Federal Reserve’s preferred measure

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *