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Inflation has moved from goods to services sector, says Mohamed El-Erian


Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens' College, joins CNBC's 'Squawk Box' to discuss the rallies investors have seen from stocks and bonds, his thoughts on inflation, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO:  » Subscribe to CNBC TV:  » Subscribe to CNBC:  Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news:  Follow CNBC on LinkedIn:  Follow CNBC News on Facebook:  Follow CNBC News on Twitter:  Follow CNBC News on Instagram:  #CNBC #CNBCTV...(read more)


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In a recent interview, Mohamed El-Erian, chief economic adviser at Allianz, said that inflation has moved from the goods sector to the services sector. This shift is due to the increasing demand for services and the limited supply of goods. El-Erian said that the current inflation rate is “not a one-off phenomenon”, but is part of a broader trend in which inflation is shifting from the goods sector to the services sector. This shift is mainly due to the fact that services are less tradable than goods, which makes them more expensive. In addition, El-Erian noted that the shift in inflation from goods to services is also due to the increasing demand for services. He said that with the growth of the digital economy, services have become an important part of the economy. As a result, demand for services has increased, leading to higher prices. El-Erian also noted that the limited supply of goods is another factor contributing to the shift in inflation. He said that the global economy is currently in a state of oversupply, which means that there are more goods available than people are willing to buy. This oversupply has led to a decrease in prices, which has contributed to the shift in inflation. Finally, El-Erian said that the shift in inflation from goods to services is likely to continue in the future. He said that this trend is likely to be driven by the increasing demand for services and the limited supply of goods. Overall, El-Erian’s comments suggest that inflation is shifting from the goods sector to the services sector. This shift is mainly due to the increasing demand for services, the limited supply of goods, and the growth of the digital economy. As a result, prices are likely to continue to rise in the future. https://inflationprotection.org/inflation-has-moved-from-goods-to-services-sector-says-mohamed-el-erian/?feed_id=74075&_unique_id=63fbe4fc89232 #Inflation #Retirement #GoldIRA #Wealth #Investing #breakingnews #businessnews #cable #cablenews #CNBC #financenews #financestock #financialnews #money #moneytips #newschannel #newsstation #SquawkBoxU.S. #stockmarket #stockmarketnews #Stocks #usnews #worldnews #InvestDuringInflation #breakingnews #businessnews #cable #cablenews #CNBC #financenews #financestock #financialnews #money #moneytips #newschannel #newsstation #SquawkBoxU.S. #stockmarket #stockmarketnews #Stocks #usnews #worldnews
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