Though the U.S. Federal Reserve has hinted it will soon end its interest hikes and Wall Street stocks soared, economic experts aren’t so sure that inflation is on its way out.
Key indicators like oil prices and food prices have been rising in recent weeks, signaling that inflation in the United States – and around the globe – has yet to cool down.
While U.S. consumer prices reached 3% in June, inflation rose up again to 3.3% in July.
As new oil supply cuts and grain deal issues persist internationally, inflation is likely here to stay for the near future.
