Increasing Inflation

While the CPI rose by a solid 0.2% in May, it rose by a strong 2.8% over the past 12 months, the fastest rise in Y-o-Y CPI inflation since 2/12 when it rose 2.9%. Core CPI, which excludes volatile food and energy and is thus a better inflation measure, rose 2.2% over the past year, its biggest Y-o-Y increase since 2/17. Inflation isn’t surging, but it’s steadily gaining incremental strength.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.