Briefing
The Rabbit-Duck Question: What Caused the Recent Inflation Surge?
Abstract: Inflation has multiple causes that operate at the same time and reinforce each other. Those causes are difficult to disentangle based on simple data patterns. Rather than focusing on a single ultimate cause of inflation, policy is best informed by understanding the relevant trade-offs implied by different components.
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https://www.richmondfed.org/publications/research/economic_brief/2025/eb_25-20
Description: Briefing
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Bibliographic Information
Provider: Federal Reserve Bank of Richmond
Part of Series: Richmond Fed Economic Brief
Publication Date: 2025-05-20
Volume: 25
Issue: 20