The Russia-Ukraine conflict could push U.S. inflation into double-digit territory, according to Allianz chief economic adviser Mohamed El-Erian, who cited the disruptive impact of the war on supply chains, shipping, and commodity prices.
El-Erian, who also serves as president of Queens’ College, Cambridge, told CBS' “Face the Nation” in a recent interview that he believes there’s more upside for inflation in the United States before it peaks around summertime.
