<script type="text/javascript" src="https://pppbr.com/bnr.php?section=Footer46860&pub=543549&format=728x90&ga=g&bg=1"></script>
<noscript><a href="https://yllix.com/publishers/543549" target="_blank"><img src="//ylx-aff.advertica-cdn.com/pub/728x90.png" style="border:none;margin:0;padding:0;vertical-align:baseline;" alt="ylliX - Online Advertising Network" /></a></noscript>
The Personal Consumption Expenditures Price Index, which is the Fed’s preferred measure of inflation, grew at a continuously compounding annual rate of 5.6 percent from December 2020 to December 2021. The Fed is officially committed to a 2 percent average inflation target. But supply constraints and a surge in nominal spending have pushed prices well above target. Inflation has averaged 3.5 percent since January 2020, just prior to the pandemic.
...read full article on Seeking Alpha
