Economics
‘Transitory’ U.S. Inflation Pressures Seen Lasting for Months
- White House aides see potential for running through year-end
- Parts of price surge tied to reopenings, supply crunches
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The unexpected surge in U.S. consumer prices last month has economists and policy makers struggling to figure out just how “transitory” inflation pressures will be, with some flagging the possibility that readings will take at least several months to settle down.