Home News “Transitory” Inflation is Back On the Rise Again

“Transitory” Inflation is Back On the Rise Again

December 18, 2024

It appears “transitory” inflation is back on the rise again. Take a look…

Inflation Is Back On The Rise

December 17 (King World News) – Gerald Celente: U.S. inflation is rising again.

In October, the annual rate moved up to 2.6 percent from 2.4 percent in September. In November, the pace edged up to 2.7 percent. The Consumer Price Index added 0.3 percent from the month before.

Last month, the core inflation rate, which excludes prices for energy and food, rose at 3.3 percent, its fastest clip in 18 months as vehicle prices jumped, due in part to drivers replacing cars and trucks lost in recent hurricanes.

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