The #cpi for the month of April was published yesterday. A slight decrease in the headline number (8.3%), but as can be seen in the chart below, 63% of the components of the 95 that account for the #cpi index, are above 6%. That is the highest mark since 1998. You don’t need a deep analysis to conclude that inflation is a broad problem. Prices are going up almost everywhere. And that also means, unfortunately, that in order to contain it, the #fed may need to suppress demand.
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Source: Brean Economics
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