Conference Board: Higher inflation to persist into 2023

Inflation has skyrocketed over the past year, hitting 7% by the end of 2021. A variety of temporary and persistent pressures are expected to keep that rate well above the traditional 2% annual rate targeted by the Federal Reserve, experts from The Conference Board economic research group signaled in an online presentation on Jan. 27.

“Inflation in the U.S. really seems to be everywhere,” said Dana…