Fitch Ratings: US inflation to rise further until 2022
Fitch Ratings financial markets analysis company published a report on Monday, suggesting that the consumer price index inflation will continue to grow further in the coming months compared to the previous year before easing in 2022.
The main reason for inflation rise is identified as continued supply chain pressures, especially in the auto industry, causing the prices of goods to grow. In the services sector, the sharp increase in prices was most noticeable in transportation, travel and tourism.
“Rising goods prices were the dominant factor behind the recent jump in US core CPI inflation to 3.8% yoy in May, the highest since the early 1990s. […] We do not expect supply-chain pressures to ease significantly until 2022,” the Economic Dashboard report read.
Get involved!
Comments