In today’s video we look at the recent inflation print. We break down the individual components of the recent CPI data and discuss if we think it will be short-lived or more permanent.
The latest print from the BLS showed consumer prices jumped 0.5% to a whooping annualized 7% from December 2021, which is the fastest pace since June 1982, and exceeds forecasts calling for a monthly gain of 0.4%. Core CPI, which strips out volatile components such as food and energy, rose 5.5% from a year earlier, marking the largest gain since 1991.
Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
