Nevada’s Economy: Is stagflation at the door? Rising prices and weakened growth is a troubling mix
The U.S. economy seems to be facing a troubling mix of rising prices and weakening growth. The consumer price index (CPI) has risen considerably over the past six months, showing an annualized gain of 5.2 percent from November through May. Much of the gains have been the result of rising food and energy prices. Nonetheless, Core CPI (which excludes the volatile food and energy components) is also showing signs or rising, with an annualized gain of 2.1 percent from November through May.
Read the entire report: Download Nevada Economy Report May 2011