Stagflation Signs Have ‘Crept Back’ Ahead of Highly Anticipated Inflation Data This Week

by Christine Idzelis
Market Watch

Signs of stagflation have “crept back” into U.S. economic data, with the upcoming inflation report this week potentially showing “the first real evidence of tariff-linked price pressures,” according to Barclays.

Barclays analysts said in a note Monday that they expect the May inflation reading from the consumer-price index on Wednesday will show “a slight pickup in core CPI,” which excludes food and energy prices. They expect the data will show that core CPI rose 0.27% in May on a month-over-month basis and climbed 2.9% year over year.

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