Watch the hype….. this is a reflation shut down business opening up, inventorying up and gearing up manufacturing. Amazing same numbers we had in 2008 when the stimulus hit during the financial crises
Inflation in the US, as measured by the Consumer Price Index (CPI), jumped to 4.2% on a yearly basis in April from 2.6% in March, the data published by the US Bureau of Labor Statistics revealed on Wednesday. This reading came in higher than the market expectation of 3.6%. On a monthly basis, the CPI edged higher to 0.8% from 0.6%. Further details of the publication revealed that the annual Core CPI, which strips the volatile food and energy prices, increased to 3% from 1.6% The Consumer Price Index (CPI) for all items in the United States jumped 4.2% on an annual basis in April, the US Bureau of Labor Statistics said on Wednesday. The figure marks an increase from the annual inflation rate of 2.6% recorded in March and is the highest since September 2008. The index for all items except food and energy was up 3% year on year, while food prices rose 2.4% on an annual basis and energy prices increased 3%. On a monthly basis, the CPI for All Urban Consumers added 0.8% compared to March, while the index less food and energy gained 0.9%, Nick Note: the last time we had a reflation was 2009 when the economy reopened after the financial panic. I am surprised… at how low the numbers are. Soon the supply chains will fill up and become oversupplied and inflation rates will plunge….. Enjoy the stupideness…