Why inflation may have already peaked

Posted on AllSides April 13th, 2022
From The Left
Economy and Jobs, inflation
Illustration: Sarah Grillo/Axios

There's good news and bad news in Tuesday's inflation report.

The bad news: Consumer prices have risen by a shocking 8.5% over the past year, a rate of increase not seen in more than 40 years.

The good news: That number has probably gotten as high as it's going to get, and could soon start coming down.

What they're saying: Inflation "has likely peaked," said Bank of America analysts on Tuesday. Their counterparts at Capital Economics concurred, saying that the 8.5% figure would "mark the peak" for the series.

How it works: The headline...

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