4 min read.Updated: 27 May 2022, 12:20 AM ISTGwynn Guilford, The Wall Street Journal
Economists are especially interested in what current price pressures bode for the longer term
Inflation is close to a 40-year high—a development that is challenging households, companies and government policy makers. Is the wave of unusually high price increases near a peak? If so, how soon will inflation slow and by how much? And most important of all, where will inflation settle in the longer-run?