from Zero Hedge
According to the Bureau of Labor Statistics’ latest price inflation data, CPI inflation in February accelerated for the second month in a row, and price inflation hasn’t proven nearly as transitory as the regime’s economists have long predicted.
According to the BLS, Consumer Price Index (CPI) inflation rose 3.2 percent year over year during February, without seasonal adjustment. That’s the thirty-sixth month in a row of inflation well above the Fed’s arbitrary 2 percent inflation target.