Supply Bottlenecks Have Eased but Inflation Has Not: What This Says About Price Dynamics
- Tuesday, November 1, 2022, 10:02
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The reason that overall inflation has stayed high is that services prices, which account for 60% of the CPI, have increased from 2 percent at the beginning of 2021 to 6 percent recently. The main contributor has been a steady rise in the cost of shelter.
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