Apollo’s Slok Warns of Inflation Risk From Diesel Surge

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Torsten Slok, chief economist at Apollo, warns that rising diesel prices may cause inflation risks that the Federal Reserve might overlook as these costs affect parts of the CPI basket outside the energy line. This highlights concerns about inflationary pressures linked to diesel price surges in the US economy.

Torsten Slok, chief economist at Apollo, warns that inflation from rising diesel prices may not be taken into account by the Federal Reserve since “that is really entering elsewhere in the CPI basket than in the energy line.” He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)