However, this picture may be temporary, as recent estimates suggest the possibility of inflation rising again in the near future. Inflationary pressures continue to clearly impact consumer budgets in the United States, despite a relative slowdown in its pace over the past few months. In February, the Consumer Price Index, which measures the cost of goods and services, rose by 2.4% year-on-year, reflecting the continued erosion of purchasing power, albeit at a slower pace compared to previous stages. The Organisation for Economic Co-operation and Development, in a report released in March, had forecast that the US inflation rate would reach 4.2% by 2026, a significant jump from its previous estimate of 2%.
US Inflation: Slowdown or Temporary Pause?
Despite slowing down, inflationary pressure in the US remains high. The OECD forecasts inflation to rise to 4.2% by 2026, threatening consumer budgets.