Mohamed El-Erian

US CPI inflation (8.6% in May 2022) will rise further rather than having peaked.

“I fear that it's still going to get worse, we may well get to 9% at this rate.”

Said on

12 June 2022 · Interview on CBS "Face the Nation", asked whether inflation had peaked after the May 2022 CPI report

Source

Transcript: Mohamed El-Erian on "Face the Nation," June 12, 2022 · CBS News

Should come true

by 2022

How sure they sounded

I fear; may well (for the 9% figure)

Categories

Economy

Importance

3 of 5 · Whether US inflation had peaked drove Fed policy and US household costs.

Outcome

Accurate Happened 30 June 2022.

Inferred window: the following months of 2022. US CPI inflation rose from 8.6% in May to 9.1% year over year in June 2022 (reported July 13), so inflation did get worse and even passed the 9% he flagged.

Evidence:

• https://www.bls.gov/news.release/archives/cpi_07132022.htm