Inflation Just Shot Back Up Again

The inflation numbers for January were just released on Tuesday, February 14th. And it looks like, at least for now, I was wrong.

Not only did inflation stay elevated for the month of January, but it climbed more than it has in the last three months.

I have been saying for quite a few months now that I think during quarter one of this year, 2023, it is very possible we see inflation year over year come below the Fed's target of 2%, and by the end of the year, we could very easily see deflation year over year.

Timecodes
0:00 Video Introduction
0:35 US Consumer Price Point to Persistent Inflation
3:55 Rising Shelter Cost
4:59 Money Supply Declining at Unprecedented Rate

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#InflationNumbers #Recession #InflationSpike