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March 16, 2022

Shorter-term measures of inflation have been increasing alongside commodities, but longer-term measures are not responding in the same manner.

In several of the blog posts this year, we have been discussing our view that the rate of change for inflation will likely decline in 2022 compared to 2021 despite the increase in energy and other related commodities (here, here, here).  Our view was based on the combination of more difficult comparisons for consumer prices...
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