Last May, my colleague Aaron Waxman wrote a timely blog post entitled \u201cInflation: The Dog That Hasn\u2019t Barked,\u201d outlining the absence of inflation during the start of the COVID-19 pandemic. Fast forward a year later, much has changed: the total U.S population is approximately 40% fully vaccinated, businesses are reopening, and the economy is expected to grow 5.1% in 2021 after contracting 3.4% in 2020.1 With a relatively sharp recovery underway, inflation is again in the headlines after April\u2019s core personal consumption expenditures (PCE) index surged 3.1%, its highest increase since 1992.2 In the article below, we provide an updated perspective on 1) what\u2019s driving inflation, 2) whether we should be concerned about inflation, and 3) key wealth planning action items for inflation longer term.<\/p>\n","protected":false},"excerpt":{"rendered":"
Last May, my colleague Aaron Waxman wrote a timely blog post entitled \u201cInflation: The Dog That Hasn\u2019t Barked,\u201d outlining the absence of inflation during the start of the COVID-19 pandemic. Fast forward a year later, much has changed: the total U.S population is approximately 40% fully vaccinated, businesses are reopening, and the economy is expected […]<\/p>\n","protected":false},"author":1,"featured_media":74,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","wds_primary_category":0,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-73","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-whats-next"],"yoast_head":"\n