Journal Article

Overshooting the Inflation Target

Abstract: Although transitory factors have largely driven the recent rise in inflation, expansionary policy to relieve unusual economic conditions also played a role.

Keywords: COVID-19; inflation; personal consumption expenditures (PCE); consumer price index; monetary policy;

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: Economic Synopses

Publication Date: 2021-10-07

Issue: 24

Pages: 1-3