US consumers may have to live with high prices for longer — and a falling dollar could be to blame

MarketsInsider/Ryan Hogg/1-28-2023

graphic illustration of decling US dollar

“The greenback is extending losses in January, after sliding almost 8% last quarter in the worst three-month slump in over 12 years. A weaker dollar raises the cost of imported goods, which would eventually feed into consumer prices in the US.”

USAGOLD note: Contrary to the consensus opinion on Wall Street, the subdued prices of the last few months look to be on shaky ground. This report is one among many on the cracks developing in the low-inflation scenario.

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