by Calculated Risk on 4/22/2022 01:54:00 PM
According to Reuters, quoting Treasury Secretary Janet Yellen:
There are many drivers of inflation right now – supply chain issues, high energy and food prices, housing (Owners’ Equivalent Rent will keep inflation high for some time) – to name a few. But it is possible, due to base effects, that inflation “may have peaked”.
This graph shows the month-to-month increase in PCE and core PCE prices since January 2020.