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Benzinga
Benzinga
Business
Rishabh Mishra

As US Dollar Sinks, Top Economist Warns 10% Slide Could Spark New Inflation Spike

California Cities Lead the Charge

The United States is bracing for a potential acceleration in inflation, with a significant depreciation of the dollar now identified as a key contributing factor, according to a new analysis by Torsten Sløk, the chief economist at Apollo.

What Happened: As per Sløk’s analysis, a 10% depreciation in the U.S. dollar is projected to boost inflation by 0.3 percentage points.

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