This past week, the Consumer Price Index posted its largest month-over-month increase in core inflation since 1982. NDSU Extension Ag Finance Specialist Bryon Parman says the calculations are based off of economics of late April 2020. That was at the height of the pandemic. “The question becomes is that really a good month to try and gauge inflation when we had the single biggest quarterly recession in history occurring at that time.” Parman says the inflation issue wouldn’t be a concern if any other month was used as a benchmark. Despite the inflationary numbers, the Fed is expected to keep interest rates low.
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