2min chapter

Very Serious with Josh Barro cover image

Jason Furman on the Inflation That Keeps Going and Going and Going

Very Serious with Josh Barro

CHAPTER

Did Core CPI Ever Get Up to 8?

Core CPI has come down about a half a point from its peak. It briefly was around 5.5%. But that improvement also happened about a year ago. And over the last year, it's roughly been moving sideways. That would suggest that we have not seen really much effect yet from the Fed interest rate hikes.

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