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Jobs, food, and oil: The key drivers that could re-accelerate inflation

CryptoSlate's latest market report dives deep into the potential forces that will most likely keep inflation rising in the coming months.

Table of Contents
Jobs, food, and oil: The key drivers that could re-accelerate inflation

Cover art/illustration via CryptoSlate

Introduction

Inflation in the U.S. has shown signs of slowing down, but that doesn’t mean the global market is safe yet.

The U.S. inflation rate has experienced a temporary deceleration, dropping on a month-to-month basis. While this trend might seem like a relief to some, economists and market analysts are wary of the underlying factors that could cause inflation to re-accelerate.

us inflation rate
Graph showing the U.S. inflation rate from August 2019 to August 2023 (Source: TradingView)

Several indicators, including fluctuations in the jobs market, rising food prices, and volatile oil and gas prices, are converging in a complex economic landscape. These factors, coupled with central bank policies and consumer spending patterns, create fertile ground for inflation.

The global market is also showing signs of instability, with changes in key commodities and currencies showing this uncertainty.

In this report, CryptoSlate will dive deep into these factors, providing a comprehensive analysis of the current state of inflation in the U.S. and the potential forces that will most likely keep inflation rising in the coming months.


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