Inflation, as measured by the Consumer Price Index (CPI) or Personal Consumption Expenditures Index (PCE), reflects the sustained rise in prices for goods and services. In the U.S., it results from an interplay of demand- pull, cost-push, and built-in factors amplified by monetary policy and global shocks. Post-2021, CPI peaked at 9% in June 2022 before moderating to around 3% currently, which emphasizes these dynamics. Content continues below advertisement Demand-pull inflation emerges when the need for go ...