Dr. Kuehl Talks The Difference Between Demand-Pull And Cost-Push Inflation

ASA Chief Economist Dr. Chris Kuehl is back with his weekly “Keeping it Real with Dr. Kuehl” economic update podcast. In Episode 25, Dr. Kuehl answers an ASA member’s question and takes a look at the differences between demand-pull and cost-push inflation, plus shares some positive forecasting news. Highlights this week:

• Definitions of demand-pull and cost-push inflation.
• How water heaters factor into this.
• Services vs. goods. Which one is winning out right now in the pandemic?
• Is the current cost-push inflation a long-term thing or temporary?
• Dr. Kuehl’s enthusiasm over IMF’s 2021 forecast (Spoiler: Good news for the U.S. economy).
• When will the inflation threat really start to ramp up?