It was just announced that the Consumer Price Index (CPI) has increased by 0.8% month-over-month or 4X more than the 0.20% increase that was expected!
The Core Consumer Price Index has increased by 0.92% month-over-month or 3X more than the 0.30% increase that was expected!
The increase in U.S. Core Price Inflation (excluding food & energy) of 0.92% was three standard deviations above average and the highest rate of U.S. Core Price Inflation since September of 1981!