EXPLAINER: Why US inflation is so excessive, and when it might ease

WASHINGTON — Inflation is beginning to appear to be that sudden — and undesirable — houseguest who simply received’t go away.

For months, many economists had sounded a reassuring message {that a} spike in client costs, one thing that had been lacking in motion within the U.S. for a era, wouldn’t keep lengthy. It will show “transitory,’’ within the soothing phrases of Federal Reserve Chair Jerome Powell and White Home officers, because the financial system shifted from virus-related chaos to one thing nearer to normalcy.

But as any American who has purchased a carton of milk, a gallon of fuel

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