The October inflation surge was not driven by economic overheating

Published 9:54 AM, November 10, 2021 go through EPI employees

Below, EPI Research Director Josh Bivens (Josh Bivens) gave an opinion on the October Consumer Price Index (CPI) released today, which has risen by 6.2% compared to a year ago. As Bivens explained, the surge in inflation we saw in 2021 was not driven by macroeconomic overheating. Rather, this surge is mainly driven by COVID-related factors: spending shifts from face-to-face services to goods and supply chain bottlenecks. Read the full Twitter topic.

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