Inflation and decline

For something we are told is “transient”, inflation is certainly persistent. The latest evidence came with a shake on Wednesday when the...


For something we are told is “transient”, inflation is certainly persistent. The latest evidence came with a shake on Wednesday when the Labor Department announced that consumer prices jumped 0.9% in October, or 6.2% from a year ago and the fifth month in a row. greater than 5%.

It is also the fastest rate since 1990, despite assurances since March from the White House, the Federal Reserve and Keynesian economists that inflation would soon disappear. This follows Tuesday’s report that wholesale prices rose 0.6% in October, or 8.6% from the previous year. Producer prices are passed on to consumer prices, assuming firms believe they have sufficient market power.

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Newsrust - US Top News: Inflation and decline
Inflation and decline
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