The 6.2% consumer price inflation rate in October was its fastest pace since November 1990. Even more startling the 5.0 percentage point advance since 1.2% in November 2020 was the greatest 11-month acceleration of CPI inflation since such shot up from 5.7% in July 1973 to 10.9% by June 1974. Energy prices played a central … Continue reading Extraordinary Acceleration of U.S. CPI Inflation