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Consumer inflation is raging, and is just getting started. OBiden has destroyed America's energy supply, and started a war in Ukraine. Energy prices are skyrocketing. And, just getting started.
Energy is a major part of the cost of production of course.
We did it Joe!
The numbers out this morning are shocking.
Donald Trump said the 'climate change' agenda was a Chinese plot to destroy Western economies.
He was right.
Financial markets are collapsing on the news.
Consumer Price Index (MoM) (May) printed at 1% vs 0.7% consensus estimate.
Consumer Price Index (YoY) (May) printed at 8.6% vs 8.3% estimate.
Consumer Price Index Core s.a. (May) printed at 292.29.
Consumer Price Index ex Food & Energy (MoM) (May) printed at 0.6% vs0.5% estimate.
Consumer Price Index ex Food & Energy (YoY) (May) printed at 6% vs 5.% estimate.
Consumer Price Index n.s.a. (MoM) (May) printed at 292.296 vs 291.661 estimate.
