The inflation giant has awakened. Why price growth will persist.

Barron’s/Brian Swint/7-23-2023

“To the contrary, inflation is likely to be a more persistent threat than it has been in decades, owing to the long list of powerful forces that have driven prices higher, and the limits of central-bank efforts to control it.”

USAGOLD note: Anyone who lived through the decade of the 1970s can tell you that claims that inflation had been tamed were often wildly overblown.

Inflation rate 1970s

Chart courtesy of TradingEconomics.com