Economists Warn Inflation May Still Get Worse

Economists Warn Inflation May Still Get Worse

OAN NEWSROOM

UPDATED 7:55 PM PT – Sunday, June 12, 2022

Economist Mohamed El-Erian said inflation has yet to reach it's peak. Appearing on CBS's "Face The Nation" Sunday, the Allianz Chief Economic Advisor said he fears inflation may reach nine percent.

"We got here because we got a combination of things happening," said El-Erian. "All these things came together and are now feeding this inflation. The price of nearly everything is going up and making us feel really insecure."

This comes after inflation hit 8.6 percent in May, the highest since December of 1981. El-Erian said their was hope it would be temporary and inflation was partially avoidable, but argued the federal reserve mischaracterized the issue and fell behind.

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