This is US CPI… I don’t know if this is what the Art degree monetarist morons mean by their figure of speech “inflation!” but maybe… I don’t understand a lot about how these peoples non technical brains work… Anyway if you look at this price index it hasn’t peaked as of the January report…
This is in contrast to Bills report on Australia below… you can’t say the US CPI has peaked…
It seemed to have peaked looking at the December report at 297 but now since January 1 we’ve had a significant impulsive increase in fiscal flow and January reported a 2 point increase in this index to a new high…. so this appears to have the Art degree monetarist psycho morons panties all in a twist with all the drama…
6.4% is a lot higher than the monetarists 2% ideal…
If we can hold prices here at this 299 level (or perhaps get a reduction) then come June 2023 the YoY is going to be from 296 to 299. 296 to 299 = 1% annual …. Then what? Monetarists will again be below their 2% ideal…
These psycho morons going to reverse?
A lot will be riding on the February CPI report due March 14th with these people…
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