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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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.
Jon Fulkerson, Robert Dean
Primary Advisor's Department
Economics and Finance
Stander Symposium, School of Business Administration
Institutional Learning Goals
"Inflation Trends in a Rising Interest Rate Environment: An Analysis of Growth Rate Trends for the Food Component of CPI in 2022" (2023). Stander Symposium Projects. 2825.
Presentation: 9:00-10:15 a.m., Kennedy Union Ballroom