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Is 5 Percent US Inflation the “New Normal”?
Just one “Data” topic, but an important one: today’s Consumer Price Index report. We’ll start with the easy bit: explaining why CPI is still running over 5 percent: • Headline number: +5.4 percent annual inflation (note: highest reading since July 2008) • Core (ex food and energy): +4.0 pct (note: lower than June 2021’s 4.4 pct reading) • Meat, Poultry, fish, and egg (i.e., proteins): +10.5 pct annual inflation • Energy commodities: +41.7 pct annual inflation • Used vehicles: +24.4 pct annual inflation • Headline inflation less Proteins, Energy and Used Cars: 2.7 percent • Core inflation less ... (full story)
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- Oct 14, 2021 3:51am Oct 14, 2021 3:51am
- RossEdwards
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- Bones
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#doyourownanalysisordietryin
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- Bones
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#doyourownanalysisordietryin
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- gat
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- UKBanter
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The elites think we are stupid. They are in the main quite correct.