Economist: High energy prices have not yet been reflected in core inflation as companies initially absorb the shock

```htmlGolden Ten Data reported on April 10 that Brian Jacobsen, Chief Economist at Annex Wealth Management, said: "Although I had anticipated a jump in overall CPI due to rising gasoline prices, the actual data is still surprising. So far, there are no signs of high energy prices being passed on to core inflation. This process may take time to appear gradually, as companies will absorb most of the shock at least initially. In a sense, consumers reducing other discretionary spending could actually suppress core inflation rather than push it higher."```