Inflation is surging. How high will it go? Check out MarketWatch’s new tracker.
.......................The tracker shows the current rate of inflation for the four price barometers that are most closely followed by Main Street, on Wall Street DJIA, +0.04% and in Washington.
The Federal Reserve insists the inflation surge is mostly the result of the economy recovering as the coronavirus pandemic fades away. Senior Fed officials predict price pressures will ease over the next year and lead to lower inflation.
The MarketWatch inflation tracker will help investors stay up-to date.
Each of the four gauges shows the rise in prices over the past 12 months. They also compare the current increase with the 10-year average for each index.
A little about the four gauges.
The consumer price index measures how much Americans pay directly for a wide variety of goods and services: gas, food, clothes, travel, transportation and so forth. Increases in Social Security and many other benefits are also tied to the CPI...................https://www.marketwatch.com/story/inflation-is-surging-how-high-will-it-go-check-out-marketwatchs-new-tracker-11623349730?mod=home-page