The Market Ticker - Transitory Eh? Uh, No
The all items index rose 6.2 percent for the 12 months ending October, the largest 12-month increase since the period ending November 1990. The index for all items less food and energy rose 4.6 percent over the last 12 months, the largest 12-month increase since the period ending August 1991. The energy index rose 30.0 percent over the last 12 months, and the food index increased 5.3 percent.
Note the graph. Note also that the start of this was roughly March of this year. What have I said for over a decade: Policy changes require about…….
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Source: https://market-ticker.org/akcs-www?post=244202
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