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Janet Yellen on US inflation, in a live interview Wednesday morning from the UN climate conference in Glasgow:
US inflation will return to 'more normal levels' in the 'second half of next year.'
So 'transitory inflation' will have lasted about 18 months — at roughly 5%.
US inflation will return to 'more normal levels' in the 'second half of next year.'
So 'transitory inflation' will have lasted about 18 months — at roughly 5%.
2/ Two things are important:
• Ordinary Americans can handle 5% inflation of their milk & eggs, their juice & bread & chicken breasts. A $50 grocery bill is $52.50.
• The key is fuel inflation.
Winter heating bills across the US are going to soar—not 5%, more like 30%.
• Ordinary Americans can handle 5% inflation of their milk & eggs, their juice & bread & chicken breasts. A $50 grocery bill is $52.50.
• The key is fuel inflation.
Winter heating bills across the US are going to soar—not 5%, more like 30%.
3/ The Energy Information Administration (EIA) says those who rely on natural gas will see a 30% increase. Heating oil users will see an increase of 40%.
That's the increase in the price of the fuel — how much the winter costs, of course, depends on how cold it gets.
That's the increase in the price of the fuel — how much the winter costs, of course, depends on how cold it gets.
