Economics
U.S. Inflation Data to Capture Prewar Prices, Rather Than Peak
- Consumer price index forecast to rise 7.8% from February 2021
- Increasing fuel, food prices to weigh on growth and consumers
The war has sent the average price of gasoline to an unprecedented $4.17 a gallon.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
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A few weeks ago, many economists were eyeing February as the peak in U.S. consumer inflation. Now it’s looking more like a fresh baseline.