Low share of items with over 3% inflation growth draws renewed attention, Mike Konczal notes

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Daria Chernytska

14.10.2026

Low share of items with over 3% inflation growth draws renewed attention, Mike Konczal notes — Low inflation momentum in item breakdown

Mike Konczal raised the issue of why inflation has not increased and broadened in the past year, highlighting a recent discussion about the percentage of items with at least 3% growth remaining low. He observed that this topic is gaining renewed attention.

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Konczal has previously argued that the New Keynesian framework was more suitable for handling inflation shocks in 2021–2023. He also identified higher rates as a counter to U.S. deficit growth and pricing strategies used by AI hyperscalers. These earlier positions reflect his ongoing focus on inflation dynamics and policy responses.

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