Activist Post by Mike Gleason
Another set of bombshell inflation reports rattled markets this week.
On Wednesday, the Bureau of Labor Statistics released data showing consumer prices continue to rise at the fastest rate since 1982. The all-items index has risen 7% for the past 12 months ending in December. The energy index rose a staggering 29% over the last year.
Then on Thursday, the Producer Price Index came in with another month of increase for December to close out the year. Overall, final demand prices rose 9.7% in 2021. That represents the largest calendar-year increase since the data series came out in 2010…
