CNBC: The Actual CPI Has Reached ‘New All-Time High’ as Inflation Remains Far Higher than the Fed’s Target Rate
‘The cumulative effect is substantial and that’s what these indices continue to show us on a month-over-month basis’
EXCERPT:
SANTELLI: “On headline, non seasonally adjusted the actual index, it moved up to 314.069, a new all-time high. If we look at the core index, which is seasonally adjusted that moved to 318.14. Guess what? A new all-time high.”
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