That's a great resource. I'd argue that inflation isn't "real" until it gets to around the 5% mark.
High inflation attracts Fed interest rate increases which attracts bond investment over equity investment.
In the US, we now have a triple whopper of post-pandemic supply chain adjustment, tight labor market due to early Boomer retirement, and now war-related energy cost increases. I don't think the economists have updated their model fast enough. I'm thinking we're going to have "real" inflation for a while now.
High inflation attracts Fed interest rate increases which attracts bond investment over equity investment.
In the US, we now have a triple whopper of post-pandemic supply chain adjustment, tight labor market due to early Boomer retirement, and now war-related energy cost increases. I don't think the economists have updated their model fast enough. I'm thinking we're going to have "real" inflation for a while now.