Presenter(s)

    John Deeley

    Comments

    Presentation: 9:00-10:15 a.m., Kennedy Union Ballroom

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    Description

    In 2022, due to rapidly rising inflation, the U.S. Federal Reserve initiated an aggressive policy of monetary tightening primarily through increases in the Federal Funds Rate. In this study I focus on the food component of CPI and look to see if the significant rise in the Federal Funds Rate has had a dampening effect on the growth in food inflation. I also compare inflation growth rate trends in the food component of CPI to the inflation growth rate trends in overall CPI to see if the growth rates follow a similar trend pattern.I used year over year by month growth rates in inflation and rolling 3 month growth rates in inflation annualized to determine the trend direction for both the food component and overall CPI.

    Publication Date

    4-19-2023

    Project Designation

    Independent Research

    Primary Advisor

    Jon Fulkerson, Robert Dean

    Primary Advisor's Department

    Economics and Finance

    Keywords

    Stander Symposium, School of Business Administration

    Institutional Learning Goals

    Scholarship

    Inflation Trends in a Rising Interest Rate Environment: An Analysis of Growth Rate Trends for the Food Component of CPI in 2022

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