US inflation has remained above the Fed's 2% target for 67 consecutive months since January 2021, eroding the dollar's value by 22.5% and increasing purchasing costs by 29%.
Macro & Markets ·
US consumer price inflation has remained above the Federal Reserve's 2% target for 67 consecutive months since January 2021, the last month it fell below that level. Over this period, the dollar's value has declined by 22.5%, with goods and services that cost $100 in 2021 now requiring $129 to purchase.