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Markets Plummet as Inflation Comes In Hot

The Breakdown

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The Biggest Inflationary Impulse Is Energy

Energy and things that use energy showed the best sign of inflation declining, but everything else just went up. Health insurance saw its biggest year over year increase ever, at 24 point three %. Food at home was up 13 point five %, which is, of course, a particularly painful number for people who were struggling to make ends meet. Rent prices were up 15 point eight % year over year. Month over month, shelter rose zero point seven %,. So how does that square with the private sector data i shared yesterday that saw c two rental numbers down relative to the previous two quarters? And this is the challenging thing about statistics, we just don't know.

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