What "transitory" means and why it matters | Curio
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Matthew Yglesias

What "transitory" means and why it matters

15 mins | Nov 2, 2021
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Inflation is bad, but it is much more likely to go down than up. There’s a growing impatience with reassurances from American authorities that rising prices are likely to be “transitory.” And as Matthew Yglesias analyses, it’s not that straightforward. This instalment of Slow Boring reflects on why looking at current core inflation is a better predictor of future headline inflation and argues that we need an additional policy to ensure that inflation is truly temporary.
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