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Inflation Relief? Not Likely

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Inflation Relief? Not Likely
A shopping cart in a supermarket as inflation affected consumer prices in Manhattan in New York on June 10, 2022. Andrew Kelly/Reuters
Milton Ezrati
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Commentary

Financial markets reacted gleefully to the Labor Department’s October consumer price index (CPI) release. It shows an extension of the modest relief from the terrifying figures of last spring.

Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
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