Is inflation spreading?

This week Real Vision’s Roger Hirst uses Refinitiv’s best-in-class data to look at the recent break out in crude oil prices and the ongoing squeeze in agricultural products. US inflation may have peaked in H1, but that doesn’t mean it will quickly drop back to ‘normal’ levels. Furthermore, if it continues to spread from durable goods to essentials such as food and energy, then the Fed may have an even harder job on its hands.