Inflation Is Back, Part 7: Just Check Out This Chart
By: John Rubino
GoldSeek.com
Wednesday, 13 June 2018
Monthly economic readings tend to be full of noise and are therefore unreliable. So it’s best to save the excited assertions for established trends.
As most readers probably know, the CPI is widely believed to understate the true rate of inflation because of statistical tricks like hedonic adjustment and substitution. So when this index starts rising you know the real action is even more extreme.
The past 12-month increase was 2.8%, which is the highest in six years and continues a general uptrend that began in 2015. What’s moving it? Oil, which controls the price of gasoline among many other things, is up big in the past year:
The Rest…HERE
