As the Economy Turns: Inflation is either ‘transitory’ or a dire warning
Rosemary Franklin, 53, has felt the increase in grocery prices when she buys food for her childen and grandchildren who live with her. “Noticed a couple of months ago,” she said. (Patrick Lantrip/Daily Memphian)
June’s inflation rate jumped up 5.4% from the same time in 2020 and that has economists examining the causes and predicting what may lie ahead. Meantime, consumers with discretionary wealth continue to buy ‘optional’ items, but those with tighter budgets feel the pinch at the grocery store.
Topics
economy inflation John Gnuschke Federal Reserve economists Subscriber OnlyIt’s GivingTuesday week! Will you join the celebration?
Donate now to help power our free community news access program.You know the value of having unlimited access to The Daily Memphian’s news. When you subscribe, you get full access to our news. But when you donate, you help us reach all Memphians with quality, in-depth local news through
- free access at over 300 schools and libraries
- free podcasts and radio broadcasts
- free newsletters
- and more!
Thank you for keeping up with local news. Thank you for investing in our community.
Don Wade
Don Wade has been a Memphis journalist since 1998 and he has won awards for both his sports and news/feature writing. He is originally from Kansas City and is married with three sons.
Comments
Want to comment on our stories or respond to others? Join the conversation by subscribing now. Only paid subscribers can add their thoughts or upvote/downvote comments. Our commenting policy can be viewed here.