ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Interview

US inflation spike won't last, former Obama economic adviser says

Goolsbee says the economy not in conventional business cycle

Consumer prices increased 5.4% in June from a year earlier, the biggest monthly gain since August 2008.   © Reuters

WASHINGTON -- A resurgent U.S. economy heading toward 7% growth has brought with it a return of inflation, as the June consumer price index rose 5.4% on the year for the highest 12-month rate since August 2008.

Are rising prices a blip or the beginning of a chronic problem that will shackle the American economy?

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more