The September inflation jump is a temporary energy shock, not a broader and lasting price problem.
Supports
“The topline number was driven by a surge in energy prices, which we believe to be temporary, but there is a whole bunch of good news in the report”
USA Today Gas jumps 9.1% in September and pushes U.S. inflation to 3.7% ›
Others on this question
“There is increasing evidence that the energy price shock caused by the war in the Middle East is starting to produce price increases in other core goods and services”
