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MNI Inflation Insight-Oct 2021: Between Transitory And Persistent

MNI Inflation Insight-Oct 2021

EXECUTIVE SUMMARY:

  • While September's U.S.CPI readings met expectations, the underlying dynamics pose questions for the "transitory" inflation thesis.
  • Median CPI hit a multi-decade high, and housing costs jumped, suggesting that inflation pressures could persist and broaden.
  • The "transitory" vs "persistent" debate is coming to an inflection point that will impact near-term Fed policy.


PLEASE USE THE FOLLOWING LINK TO ACCESS FULL PDF ANALYSIS:

USInflationInsightOct2021.pdf


31-Year High For Median CPISource: Cleveland Fed, MNI

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