AI
| Followers | 324 |
| Posts | 20161 |
| Boards Moderated | 5 |
| Alias Born | 12/15/2012 |
Thursday, June 10, 2021 8:58:14 AM
https://www.zerohedge.com/economics/core-consumer-prices-surge-fastest-rate-1992
Core Consumer Prices Surge At Fastest Rate Since 1992
Tyler Durden's Photo
BY TYLER DURDEN
THURSDAY, JUN 10, 2021 - 08:40 AM
With the world's eyes having moved on from China's rip-roaring PPI (and post-data decision to unleash price controls), this morning's CPI print has been heralded as the arbiter of "is it transitory or not" with some (BofA) even suggesting we are nearing a period of "transitory hyperinflation." The answer for now is - inflation's still accelerating as headline CPI soared 5.0% YoY (hotter than the +4.7% expected). That is the highest level of inflatuion since Aug 2008.
https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/bfmEDCA.jpg?itok=mzHYi7Hy
But it is core CPI that is the huge outlier, soaring 3.8% YoY - the hottest level of inflation since 1992...
https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/bfm1DF9.jpg?itok=OUKs947u
Recent SILJ News
FEATURED SMX and FinGo Enter Into Collaboration Mandate to Develop a Joint 'Physical to Digital' Platform Service • Nov 7, 2024 8:48 AM
FEATURED SBC Medical Group Holdings and MEDIROM Healthcare Technologies Announce Business Alliance • Nov 7, 2024 7:00 AM
Rainmaker Worldwide Inc. (OTC: RAKR) Announces Successful Implementation of 1.6 Million Liter Per Day Wastewater Treatment Project in Iraq • RAKR • Nov 7, 2024 8:30 AM
VAYK Confirms Insider Buying at Open Market • VAYK • Nov 5, 2024 10:40 AM
Rainmaker Worldwide Inc. Announces Strategic Partnership Between Miranda Water Technologies and Fleming College • RAKR • Nov 4, 2024 12:03 PM
North Bay Resources Announces Assays up to 9.5% Copper at Murex Copper Project, British Columbia • NBRI • Nov 4, 2024 9:00 AM
