The David Lin Report · Tuesday, July 14, 2026
Peter Boockvar believes that 3-4% is the new normal for inflation, down from recent highs but still elevated compared to the pre-pandemic 1-2% range. He attributes the stickiness of product prices, despite falling crude oil prices, to bottlenecks in refining capacity.
“I've been of the belief for the last couple of years that, uh, 3 to 4% is the new inflation normal, uh, no longer 1 to 2% and I still think that's the case.”
“So I don't think that the consumers are going to get much relief.”
“I think that we remain in this still very persistent inflationary environment.”