U.S. inflation is about to spike yet again

Bloomberg/Vince Golle/2-5-2022

Cartoon courtesy of MichaelPRamirez.com

“The consumer price index probably jumped 7.3% in January from a year ago, the largest annual advance since early 1982, according to the median projection in a Bloomberg survey of economists. Excluding volatile energy and food categories, the CPI is projected to have risen 5.9%.”

USAGOLD note: The BLS reported a 7% annual inflation rate for December 2021, so that increase would be significant. The latest inflation numbers will be released Thursday morning.