US Inflation Outlook Faces Sticky 3.5% Background
Producer price indices have begun to climb over the last three to four months. Consumer prices exposed to United States tariffs are growing between 3% and 4%. This acceleration moves the inflation outlook further away from the 2% target. Analysts express concern regarding a sticky 3.5% inflation background alongside energy price fluctuations.
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Sources · 7 independent
Bloomberg Radio
“we've had three or four months here of producer price indices that are starting to climb and some evidence that this is coming through into consumer prices.”
Bloomberg Radio
“But I'm more concerned about the sticky nefarious background, 3.5% inflation.”
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