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.
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As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.