CHART OF THE DAY: Consumer Prices Won't "Renormalize" Anytime Soon

06/30/21 08:09AM EDT

Below is a chart and brief excerpt from today's Early Look written by Macro analyst Christian Drake.

To the extent Covid conditions stymie re-opening initiatives outside of the U.S. (while domestic activity continues to ramp) = more supply pressure as re-intensifying production constraints and intermediate goods shortages find root in supply bottlenecks domestically, exacerbating imbalances and further pressuring prices.

CHART OF THE DAY: Consumer Prices Won't "Renormalize" Anytime Soon - CoD3 Transport Inflation

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