Transitory or Not, Inflation Is Here. It Could Be Much Higher Than You Realize
June 20, 2021 at 08:30 AM EDT
I’ve been writing about the possibility of higher inflation for months, and now it looks to have finally made landfall. May’s headline consumer price index (CPI) came in at 5% year-over-year, the highest in over a decade. The real rate is likely even higher. Energy commodities, and gasoline in...