CNN (December 27)
2023/ 12/ 28 by jd in Global News
While the economic progress made during 2023 is remarkable, “there’s still a long way to go before inflation is where the Fed wants it,” partly because higher prices have been “pervasive” and “sticky.” They’re not easily reversible. “More than 90% of the items tracked in the Consumer Price Index are more expensive than they were in February 2020, with most price increases landing north of 20% and some (fuel and margarine) approaching 55%.”
Tags: 20%, 2023, CPI, Economic progress, Expensive, Fed, Fuel, Inflation, Margarine, Pervasive, Prices, Remarkable, Sticky
