(Mike Maharrey, Money Metals News Service) The expected surge in prices due to the Iran War showed up in the March CPI data. However, it doesn’t tell the real inflation story.
Without a doubt, price inflation is up. The cost of the basket of goods the BLS uses to calculate the CPI rose 0.9 percent month-on-month, according to the data released Friday. That was the largest single-month jump since the height of the post-pandemic surge in 2022.
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