Could Inflation Be Heading Higher? Don’t Be Fooled By The CPI & PPI Numbers | The Gold Spot

The most recent CPI and PPI reports have some investors mistakenly assuming the worst of inflation is over. These seemingly promising numbers misleadingly suggest the Federal Reserve is close to achieving its goal of a 2% inflation rate.Show more

In reality, these reports only show a drop in the inflation rate rather than a decrease in inflation. In other words, prices are still increasing but at a slower rate. This more accurate PPI and CPI numbers reading isn’t quite as promising.

However, the economy still responded to the news as if conditions were drastically improving. The stock market and gold prices saw a bump upward while the dollar's value slipped. This is indicative of the widespread belief that the inflation rate is the same as inflation.

The current economic situation is eerily similar to the 1970s when stagflation raged for years straight. During this period, inflation came in waves instead of maintaining steady escalation. This can provide an important lesson for investors not to get complacent now.

Watch this week’s The Gold Spot to hear Scottsdale Bullion & Coin Precious Metals Advisor Todd Graf and Sr. Precious Metals Advisor Damian White explain the cold hard truth behind inflation, where the economy could be headed, and why investors should take this opportunity to scoop up more gold.

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https://www.sbcgold.com/charts/

🪙 Buy gold and silver coins in Arizona:
https://www.sbcgold.com/buy-gold-and-silver/coins/

👉 Gold Bullion Bars in Arizona:
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⭐ Advisors in this The Gold Spot video:

👤 Todd Graf, Precious Metals Advisor @sbcgold :
https://www.sbcgold.com/about/todd-graf/

👤 Damian White, Sr. Precious Metals Advisor at @sbcgold :
https://www.sbcgold.com/about/damian-white/