Economist: Core Inflation Soft but Pressure Lags, Inflation Still Sticky

BlockBeats News, on April 10th, Peter Cardillo, Chief Market Economist at New York Spartan Capital Securities, commented on the U.S. March CPI report: "The key is core inflation, which is actually slightly lower than expected, while overall inflation is higher than our expectations, especially on a year-over-year basis. Therefore, although these data are not overly concerning at the moment, they do not yet reflect the full impact of the energy crisis. Looking ahead, further inflation is clearly to be expected, but the key signal that core inflation is lower than expected indicates that energy prices will eventually transmit gradually throughout the entire system and be reflected later on. However, for now, inflation remains high and sticky." (Golden Ten)