Is Inflation on the Rise Again?
Is Inflation on the Rise Again?
Inflation picked up in January, according to the latest data from the Bureau of Economic Analysis (BEA). The Personal Consumption Expenditures Price Index (PCEPI), which is the Federal Reserve’s preferred measure of inflation, grew at a continuously compounding annual rate of 4.1 percent in the first month of the year. The PCEPI has grown at...