We live in interesting times, the “melee” has arrived, and let’s all say a silent prayer for the oil shorts who probably are spending their weekend pondering their life choices.
by Dave Fairtex
Chris Martenson’s Peak Prosperity
Consumer Economy
Producer Prices (PPIACO); +0.17% m/m (2.04% annualized)
CPI All Urban (CPIAUCSL); +0.08% m/m (0.96% annualized)
Both PPI and CPI were low again this month – Biden-Autopen inflation (which mostly hit in 2021-2022 – back then, monthly inflation was 0.7%-0.8%) is far in the past. Here’s a 5-year chart of the 3-month average CPI % change. Concept: this shows the “CPI trend” which appears to be sideways-to-lower, at least for now, with “now” coming in at 0.08%.