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Are We There Yet? The Road Back to 2 Percent Inflation

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  • Paul Ho

Abstract

Trend inflation has remained between 2.5 percent and 3.0 percent since the third quarter of 2023. Housing and food are key sectors for this trend. While services inflation has steadily fallen from its peak, goods inflation has risen since the latter half of 2024.

Suggested Citation

  • Paul Ho, 2026. "Are We There Yet? The Road Back to 2 Percent Inflation," Richmond Fed Economic Brief, Federal Reserve Bank of Richmond, vol. 26(09), March.
    • Handle: RePEc:fip:fedreb:102905
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    File URL: https://www.richmondfed.org/publications/research/economic_brief/2026/eb_26-09
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