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Consumer Prices Increase at Fastest Pace in 40 Years
Rather than a post from me, I'm taking a page from the "Food for Thought" topic and just posting a link to an article.
Unfortunately, the news is not good for those hoping inflation would show signs of easing.
In fact, some analysts/economists are warning of double-digit inflation rates in the coming months if the worst-case scenarios play out.
You can view the current month's inflation numbers, along with some "color" from Zero Hedge in the article linked below.
U.S. Consumer Prices are Rising at Their Fastest Pace in Over 40 Years
With the Biden administration already setting the narrative yesterday that today's inflation print could be 'high', and expectations for a headline print of +7.9% YoY (from +7.5% YoY in January), the bar was high for any surprises and the headline print came in right in the dot at +7.9% YoY - the highest since Jan 1982.
Source: Bloomberg