I have covered a LOT of ground here on the blog since 2006.
I only had one goal left and that was NEVER to have to put the word CPI in a blog headline.
Well…blow me down.
Here we are in July 2022 and after 16 years, I have to look up CPI for us all (I have an economics degree).
The CPI is one of the most commonly used tools to measure inflation and deflation. Inflation is an important indicator of an economy’s health. Governments and central banks use the CPI and other indices to make economic decisions. Key among these is whether to raise or lower interest rates.
Because of Hillary and Biden and now some pizza restaurant, we have high inflation.
While everyone argues about why and who to blame, the real question is when will I be able to stop writing about the damn CPI?
I wish I knew.
I think there is an old saying that states the only cure for high prices is higher prices. For me that statement just makes me think of Venezuela so I would prefer people stop using it.
Today, the world will be freaking out about the 9.1% CPI print in the United States.
The stock market has been acting like this was coming and now we will see what it takes to price in MORE Fed interest rate hikes and more fear of continued high inflation.
I’ll dig up some data and charts that might help for tomorrow.
