High Inflation Is Proving Sticky, but Not Here to Stay
Investors should brace for inflation to look worse before it gets better.
Inflation numbers are looking bad, but Morningstar believes the situation still looks temporary.
The Consumer Price Index rose 6.2% in October from year-ago levels, the largest such increase since 1990. The latest boost extends a months-long trend and added to the chatter about the surprising scope and staying power of rising prices.