- The consumer price index increased 0.1% in August. Excluding food and energy, the inflation gauge rose 0.6%, both higher than expected.
Get ready to be screwed over. It may not look all that significant at first glance but once you factor in the fact that commodity prices has been dropping for the last few weeks + the 1 million daily barrels from the SPR. This is looking pretty bad if a plunge in commodities prices is not slowing inflation. Expect more rate hikes from the feds.
edit: Forgot to mention about winter. The upcoming Russian energy cap and oil embargo which is looking like a disaster. If plunging commodities prices isn’t slowing inflation then what is a spike in energy prices going to do in a couple months.
