Has the nation’s nerve-jangling bout of inflation peaked?
Annual consumer price increases hit yet another 40-year high of 8.5% in March and several research firms — including Barclays, Morgan Stanley and Wells Fargo — say that likely marks the worst of it.
After six months of steady advances in the consumer price index (CPI), the last five of which set fresh four-decade highs, the yearly rises should slowly decline through 2022, the economists say. And while prices will continue to move higher month to month, the increases should be less dramatic.
