Economy

This week provided reminder that inflation isn’t going away anytime soon

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Gas prices are displayed at a gas station on March 12, 2024 in Chicago, Illinois. 

Scott Olson | Getty Images

From consumer and wholesale prices to longer-term public expectations, reports this week served up multiple reminders this week that inflation isn’t going away anytime soon.

Data across the board showed pressures increasing at a faster-than-expected pace, causing concern that inflation could be more durable than policymakers had anticipated.

The bad news began Monday when a New York Federal Reserve survey showed the consumer expectations over the longer term had accelerated in February. It continued Tuesday with news that consumer prices rose 3.2% from a year ago, and then…



Source cnbc.com

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