June CPI: Warning Of Stagflation

Prices of goods and services are rising ever higher - inflation!

Another month, another red hot CPI reading, with the inflation indicator clocking a whopping 5.4% YoY increase for June. This has added even more fuel to inflation hysteria, and intensified the debate on the “transitory” nature of the current bout of inflation. However, if we move away from the noise of people arguing for their chosen narrative and look past the headline CPI number, the component data tells an interesting story.  

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