Higher Inflation Is Here to Stay for Years, Economists Forecast

Wall Street Journal, July 11, 2021–Gwynn Guilford, Anthony DeBarros (subscription)
Economists surveyed this month by The Wall Street Journal raised their forecasts of how high inflation would go and for how long, compared with their previous expectations in April. The respondents on average now expect a widely followed measure of inflation, which excludes volatile food and energy components, to be up 3.2% in the fourth quarter of 2021 from a year before.