Stuck In A Wholly New Inflation Zip Code

When we look at our trusty 16% trimmed mean CPI readings, we get 12-month, 3-month and 1-month annualized rates of 6.6%, 5.4% and 7.0%, respectively. That’s modest volatility, but nothing at all like inflation dropping through the floorboards per the smart aleck Wall Street theory that was all the rage a few weeks ago. Indeed, […]