Inflation Trends in a Rising Interest Rate Environment: An Analysis of Growth Rate Trends in the Medical Care Component of CPI, 2022
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In 2022, the U.S. Federal Reserve, in order to curb growing inflation in the U.S., responded by making rapid and significant increases in the Federal Funds Rate. In this study, I look at the Medical Care component of the Consumer Price Index (CPI) to determine if the rise in the Federal Funds Rate has brought about a downward trend in its growth rate. I also make a similar comparison for overall CPI and then see if the Medical component and overall CPI growth rates are trending together.I use year over year by month inflation growth rates and rolling three-month growth rates annualized to determine trend direction of both the Medical Care component and 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 in the Medical Care Component of CPI, 2022" (2023). Stander Symposium Projects. 2826.
Presentation: 9:00-10:15 a.m., Kennedy Union Ballroom