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July 2021 Chemical Activity Barometer Index Growth Softens
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Chemical Activity Barometer Rises Again
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Chemical Activity Barometer Rises In July
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Taxi drivers protest outside Wakefield Town Hall as councillor claims they ve been treated like third-class citizens
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Inflation is expected to remain elevated and drive consumer prices higher for several more years, according to a survey conducted by The Wall Street Journal.
“We’re in a transitional phase right now,” Joel Naroff, chief economist at Naroff Economics, told the WSJ. “We are transitioning to a higher period of inflation and interest rates than we’ve had over the last 20 years.”
The consumer price index, an inflation indicator tracked by the Department of Labor, increased more between June 2020 and May than it has in any other 12-month period since August 2008, recent government data showed.
Inflation is expected to remain elevated and drive consumer prices higher for several more years, according to surveyed economists.