June YoY CPI Was Horrific – The Next Three Months Could Be Worse

by Peter Schiff, Schiff Gold: The latest seasonally adjusted inflation rate for June came in at a blistering 1.35% MoM and 9.11% YoY, beating expectations of 1.1% and 8.8% respectively. All prices rose in May with 8 of 11 categories rising faster than the 12-month trend, representing 94.7% of the total CPI. It was possible […]