Jeremy Siegel

US consumer prices will rise about 20% cumulatively over the three to four years from May 2021 (by May 2025).

“I believe in the next three, four years cumulatively we're going to have 20% inflation”

Said on

10 May 2021 · Interview on CNBC, reported by Chief Investment Officer (ai-cio.com)

Source

Is Higher Inflation Coming? Yeah, a Whopping 20%, Says Jeremy Siegel · Chief Investment Officer

Should come true

2025

How sure they sounded

I believe

Categories

Economy

Importance

3 of 5 · Call on a major US inflation surge at a time the Fed called inflation transitory; matters to the whole country.

Outcome

Accurate Happened 30 April 2025.

CPI-U rose from about 267.1 (April 2021) to about 320.8 (April 2025), a cumulative rise of roughly 20% over four years, within his "three, four years" window. Over three years the rise was about 17%, so the call landed at the long end of the stated range.

Evidence:

• https://data.bls.gov/timeseries/CUUR0000SA0
• https://www.bls.gov/cpi/