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As the Economy Turns: Inflation is either ‘transitory’ or a dire warning

By , Daily Memphian Published: August 01, 2021 4:00 AM CT

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 Only

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Don Wade

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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