Inflation Is Spiraling Out of Control — Now at 7.5% and Climbing
Investors and Consumers Should React To Higher Inflation
Inflation is up for the fifth month in a row. On February 10, the U.S. Bureau of Labor Statistics (BLS) reported that during the last 12 months (LTM) annual inflation had reached 7.5%, as of Jan. 2021.
You can see in the chart I made below that since Aug. 2021, LTM inflation has risen from 5.3% to 7.5%.
The arrow in the chart shows that inflation is spiraling upward. It’s starting to get out of control.
Moreover, you can see the major culprits in the data table provided by the BLS:
It shows that energy is the highest contributor, although the BLS does not show how it weights this item in the index.
But even without food and energy, core inflation is still high at 6.0%.
The bottom line is that CPI is climbing, it is accelerating. At some point, if this…
