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Market minute: The problem of sticky and stubborn inflation
REAL ECONOMY BLOG | February 12, 2025
Authored by RSM US LLP
The consumer price index for January, which will be released this morning, will most likely reaffirm that service sector inflation remains sticky and stubborn amid strong job and wage gains that are the primary drivers of aggregate demand.
While housing inflation is easing, owners’ equivalent rent remains one of the two major catalysts for rising cost pressures on American households.
We expect a 0.3% gain on the month inside both the top-line and core CPI with a 2.9% annual increase in the former and a 3.1% annual advance in the latter.
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This article was written by Joseph Brusuelas and originally appeared on 2025-02-12. Reprinted with permission from RSM US LLP.
© 2024 RSM US LLP. All rights reserved. https://realeconomy.rsmus.com/market-minute-the-problem-of-sticky-and-stubborn-inflation/
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