Consumer Price Index saw its largest spike since 1982. Economists are especially concerned by high inflation on this core measure because it signifies high prices on things like health care and housing. Airline tickets are up 42% in the last year, eggs are now up 30%, electricity 15%.
More signs that inflation is here to stay, the media reaction toJohn Fetterman’s first interview, and the George Gascon Recall Committee has requested a formal review of their failed petition. Get the facts first on Morning Wire.