Daily Business BriefingAug. 9, 2021Updated Aug. 9, 2021, 12:43 p.m. ETAug. 9, 2021, 12:43 p.m. ET Travelers at the Orlando International Airport in May. Much of the recent increase in inflation is tied to reopening-related quirks — like a snap back in airline ticket prices.Credit…Scott McIntyre for The New York TimesExpectations for long-term inflation rose slightly in July, the Federal Reserve Bank of New York said on Monday, and consumers continued to foresee rapid price gains in the near term as the economy reopens from pandemic-related lockdowns.The move in the Survey of Consumer Expectations’ longer-term price gauge was small, but it could prove …
