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.
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economy inflation John Gnuschke Federal Reserve economists Subscriber OnlyThank you for supporting local journalism.
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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.
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