Breakingviews | US inflation

Considered view

18 Nov 2009 18:20

Fed up (not zero)

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The headline CPI rose more than expected in October. Prices are within 1% of their 2008 peak. Stripping out food, energy and housing costs, inflation is running close to 3%. As the deflation menace now is remote for the US, monetary policy should be adjusted accordingly.

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