The Least Useful CPI Report Ever

MV Financial1.05K FollowersFollow5ShareSavePlay(6min)CommentsSummaryEconomists had been expecting to see a year-on-year increase of around 2.4 percent in the headline inflation number, with an attendant gain of 2.5 percent in core CPI.If an oil price spike is short-term in nature, then its knock-on effect on other goods and services will be relatively mild.The inflation that threatens to make itself known in the next few CPI reports has the potential to look more like the oil-related crises of the 1970s, and less like either the China supercycle or the Covid pandemic. Andrii Dodonov/iStock via Getty Images On Wednesday this week, the Bureau of Labor Statistics released the Consumer Price Index report for February. Economists had been expecting to see a year-on-year increase of around 2.4 percent in the headline inflation number, with anThis article was written byMV Financial1.05K FollowersFollowMV Financial is a Washington DC-area asset manager offering investment advisory services through MV Capital Management, a Registered Investment Advisor. We specialize in deep research across a wide range of asset classes and investment vehicles, with the goal of transforming knowledge into actionable investment solutions for our individual, family and institutional clientele.