Experts Believe Inflation May Have ‘Peaked,’ But Prices Will R | Forbes

Experts Believe Inflation May Have ‘Peaked,’ But Prices Will Remain Elevated This Year

Though consumer prices spiked 8.5% in the 12 months ending in March, core inflation — which excludes volatile food and energy prices — rose 0.3%, slightly lower than expected and leading some Wall Street experts to predict that inflation may have finally peaked.

“It’s possible that inflation could be topping out,” as there were definitely some “green shoots” in the data, says Lindsey Bell, Ally's chief markets & money strategist.

“Consumer inflation likely peaked in March as the Russian invasion caused a sharp spike in food and energy costs,” says Nationwide senior economist Ben Ayers.

However, some believe that even with a small decline in the core reading last month, inflation could still surge higher — with food and shelter prices, in particular, expected to keep rising: “Make no mistake, these readings are still very high relative to recent history,” warns Bespoke Investment Group.