Could CPI inflation rate peak in 2022?
has been very high, but many analysts think that it's recently peaked and, at least on a year-over-year basis, is likely to come down."
Janet Yellen, U.S. Treasury secretary, speaks during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., U.S., on Tuesday, Nov. 30, 2021. One of them is Yung-Yu Ma, chief investment strategist at BMO Wealth Management, who told Reuters, "Under the hood, there continue to be signs that inflation, labor market tightness, and supply chain woes may have all peaked."The next day, the CPI report indicated inflation had cooled to 8.3% year over year in April, down from 8.5% in March. But even if the annual inflation rate continues to decline, consumers may not feel relief in their wallets any time soon.
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