Inflation Hits 31-Year High – How Bad is it Really?
Recently we posted new numbers form the Consumer Price Index revealing that the “all items index” rose 6.2% for the 12 months ending October – which was the largest 12-month increase since 1990. However, with that in mind, the folks over at Statista crunched the numbers to see how bad it really is, or isn’t. They calculated the average annual inflation rate over a moving three-year period, which yielded a curve that fluctuated around 2 percent for a long time, until it took off this summer. They conclude that the latest spike in consumer prices is more than just a statistical blip and should be taken seriously. Indeed…makes you think….Anyway, Stay safe and have a Happy Friday.
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