Singapore based Wilkinson Bennings‘ economic forecasters predict a continued slowing of US inflation as the CPI experiences a sustained pull back by energy prices.
After one moderate energy price increase in January 2010, a steady decline has had a strong effect on the decline of inflation. This trend is in contrast to the previous year where gas prices were sharply up, increasing fears of out of control inflation. Now it is food prices that are the unlikely forerunner in price increases in the previous month. Unlike petroleum energy sources, food only has a moderate effect on the CPI historically.
The inflation decline is also moderately tempered by higher goods prices, as services are held back by lower shelter costs. Goods prices have increased primarily due to used cars, clothing, tobacco products and audiovisual equipment.
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