Peak Inflation Still Ahead as 97.5% of the CPI is Above the 12-Month Average

by Peter Schiff, Schiff Gold: The latest seasonally adjusted inflation rate for May came in scorching hot at 0.98% MoM and 8.62% YoY, beating expectations of 0.7% and 8.3% respectively. All prices rose in May with 9 of 11 categories rising faster than the 12-month trend, representing 97.5% of the total CPI. One thing to […]

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