You have commented 375 times on Rantburg.

Your Name
Your e-mail (optional)
Website (optional)
My Original Nic        Pic-a-Nic        Sorry. Comments have been closed on this article.
Bold Italic Underline Strike Bullet Blockquote Small Big Link Squish Foto Photo
Submit your comments on this article
Economy
Inflation Soars but Markets are calm
2021-07-14
[MSN] Consumer prices just posted their largest one-month jump in nearly 13 years, a fact that might tempt some to conclude that a white-hot U.S. economy is on the brink of runaway inflation.

But a spike in the June 2021 consumer price index reading may, in fact, be little cause for alarm.

That's because a significant reason for the overall prices increase is thanks to a dizzying rise in one isolated area of the economy: Used car prices.
[It is surprising to me but even the bond market is stable and at very low rates, e.g. below 1.4% for the 10 year T bond]
  • A hot June 2021 consumer price index may not be cause for alarm thanks to a dizzying, but isolated, rise in used car prices.

  • "The headline CPI numbers have shock value, for sure; however, once you realize that a third of the increase is used car prices, the transitory picture becomes more clear," wrote Jamie Cox, managing partner at Harris Financial Group.

  • The Labor Department reported on Tuesday that its CPI rose 5.4% from a year ago, the largest jump since August 2008.




Related:
Consumer price index: 2021-04-14 U.S consumer prices surge in March, CPI finds, pushing inflation to 2 1/2-year high
Consumer price index: 2020-01-23 At More Than 500%, Zimbabwe's Ncube Sees Inflation Stabilizing
Consumer price index: 2019-06-12 China inflation hits highest level in 15 months
Posted by:Lord Garth

#2  comments); ?>werwer
Posted by: Lord Garth   2021-07-14 14:38  

#1  comments); ?>werwer
Posted by: Tom   2021-07-14 11:23  

00:00