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In 2022, the U.S. Federal Reserve initiated a tight monetary policy with unprecedented increases in the Federal Funds Rate. In this study, I examine the monthly growth rates sequentially for the Education and Communications component of CPI to determine if the rise in Fed Funds Rate has caused a downward trend in its inflation growth rate. I also compare a similar analysis for overall CPI. Lastly, I look to see if the growth rate trends for CPI and its Education and Communications component have similar trend direction. I use year over year by month growth rates and rolling 3 month growth rates annualized to determine the trend direction for CPI and the Education and Communications component.
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 Education and Communications Component of CPI" (2023). Stander Symposium Projects. 2827.