What's the Key Component of Service Inflation?

"My main take is that goods inflation will be on everybody's lips throughout the first quarter of the year," he says. "Food prices have been elevated throughout 2022 and it is of course one of the main necessities of the consumer basket." But service inflation is still running hot, so as long as that part of the equation is still runningHot, Fed won't take comfort in this mixture of slowing inflation in goods, but rapidly rising inflation in services.