1 min
Gas Prices, Inflation and the Economy: What’s Behind the Numbers?
From the price at the pump to the cost of groceries, borrowing and everyday purchases, the economy is once again front and centee in the news and in household budgets. The latest Consumer Price Index shows U.S. inflation running at 3.4% year over year, while gasoline prices have risen sharply. The impact extends well beyond what drivers pay to fill their tanks. Energy costs can ripple through transportation, supply chains, businesses and ultimately the prices consumers see elsewhere. It also raises bigger questions: What is driving the latest inflationary pressure? How significant are rising fuel prices to the broader economy? Why can economic indicators appear relatively strong while consumers remain concerned about their finances? And what should people be watching in the months ahead? Cary Wasden, Ph.D. has served as a Professional in Residence in the Finance and Economics Department at Utah Valley University since 2015, where he brings extensive international business and financial industry experience into the classroom. He is s an expert in investment banking and management of financial institutions. View his profile Cary Wasden, a finance and economics expert at Utah Valley University, can provide context and perspective on the economic forces behind the headlines and help audiences better understand what the latest numbers mean for consumers, businesses and the broader economy. If you’re interested in speaking with Cary Wasden about inflation, gasoline prices, consumer spending or the economy, click on his profile below to arrange an interview today.
