U.S. Inflation Much More Likely To Be Transitory This Time Around

ING Economic and Financial Analysis5.32K FollowersFollow5ShareSavePlay(5min)CommentsSummaryGasoline price hikes prompted a jump in headline inflation, but core pressures were more benign than feared.We have much greater confidence that inflation will be transitory this time around, given the lack of demand impetus and weaker corporate pricing power versus 2022.Fuel price hikes are more likely to be demand destructive via reduced discretionary spending power. Shutthiphong Chandaeng/iStock via Getty Images By James Knightley, Chief International Economist, US Gasoline prompts an inflation jump, but core pressures were softer than feared US headline CPI showed prices rising 0.9% month-on-month in March, as expected by the market, with a 21.2% MoMThis article was written byING Economic and Financial Analysis5.32K FollowersFollowFrom Trump to trade, FX to Brexit, ING’s global economists have it covered. Go to ING.com/THINK to stay a step ahead. We’re sorry we can’t reply to individuals' comments.Content disclaimer: The information in the publication is not an investment recommendation and it is not investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.This publication has been prepared by ING solely for information purposes without regard to any particular user's investment objectives, financial situation, or means. For our full disclaimer please click here.