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Western Drought Could Make Some Inflation More Than ‘Transitory’

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The “mega-drought” out West is expected to cause electricity prices to rise due to hydroelectric power plant output falling, being rationed, or possibly shut down. Higher food and electric prices may be “transitory,” as the Fed has asserted, but this “transition” may not be dissipated until the weather cools in the fall.

...read full article on Seeking Alpha

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