Inflation 6.8% Year on Year…

CPI increased 6.8% in November, biggest jump in 40 years.

I blogged back in July that I think 4%+ CPI increases may occur for quite a while without the FOMC raising core interest rates to try to cool it off. Combine the FOMC’s average-inflation targeting with new warnings that supply chain disruptions may last into 2023, I wouldn’t be surprised if we see a 12-13% stacked CPI increase from 2020-2022.

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