Skip to content
LPBN-Icon-v1 (1)
The Right Coast
A Member of the Law Professor Blogs Network

BLS and consumer price index: Inflation is real, and it’s spectacular HotAir

By Thomas A. Smith

These are staggering numbers, CNBC s Rick Santelli, and while the direction was expected, the amplitude was very much a surprise. The Bureau of Labor Statistics reported an 0.8% jump in the Consumer Price Index for April, an annualized increase of 4.2%, far above expectations.

via hotair.com

Well, this seems to settle the inflation versus deflation argument. And this could be just the beginning.