Home About Latest Browse RSS Advanced Search

Federal Reserve Bank of San Francisco
FRBSF Economic Letter
Has Inflation Sustainably Reached Target?
Adam Hale Shapiro
Abstract

A key measure of inflation finally reached the Fed’s 2% target in July after remaining persistently below that for years after the end of the last recession. Analysis shows that most of the increase in personal consumption expenditures price inflation towards the Fed’s target can be attributed to acyclical factors and are not due to a strengthening economy. While risks to the outlook for inflation appear broadly balanced, they include the considerable possibility that inflation has not yet sustainably reached target.


Download Full text
Cite this item
Adam Hale Shapiro, "Has Inflation Sustainably Reached Target?" , Federal Reserve Bank of San Francisco, FRBSF Economic Letter, number 26, 2018.
More from this series
JEL Classification:
Subject headings:
For corrections, contact Federal Reserve Bank of San Francisco Research Library ()
Fed-in-Print is the central catalog of publications within the Federal Reserve System. It is managed and hosted by the Economic Research Division, Federal Reserve Bank of St. Louis.

Privacy Legal