The Impact of Relative Price Changes on Recent Inflation

Alexander Wolman provides the basics on how the Fed looks at changes in price levels, reviews the distribution of recent price increases, and discusses their implications for overall inflation. Wolman is vice president for monetary and macroeconomic research at the Federal Reserve Bank of Richmond. Full transcript and related links: https://www.richmondfed.org/podcasts/speaking_of_the_economy/speaking_2022_03_23_inflation