Apr 28, 2023 1 min read

Consumer Staples Prices Inflating

Consumer Staples Prices Inflating
Photo by Kelly Sikkema / Unsplash

The good news is that the headline PCED inflation rate fell sharply to 4.2% y/y during March (chart). The bad news is that the core PCED inflation rate edged down to 4.6%. We aren't changing our forecast for headline inflation this year. We are still expecting to see it fall below 4.0% soon and closer to 3.0% later this year.

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