Eric Swanson

Until consumer demand slows further, forcing more companies to compete on price, costs for many goods will likely stay high, economists say. “There’s a saying in economics that prices go up like rockets and down like feathers,” said Eric Swanson, a former Fed economist who is now a professor at the University of California, Irvine. “You’re kind of seeing that a little bit.”

For the full story, please visit https://apnews.com/article/inflation-business-prices-consumer-aed3121e4d5e3ec37cf1591995f13ce0.

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