Tuesday, March 25, 2014

What Deflation? 17 Years of Creeping CPI

David Stockman is out with some great data on price inflation:

Officially measured inflation continues to oscillate in a narrow band around 2% like it has since the late 1990s. The idea of missing the inflation target from below is just central bank jabberwocky—-a lie that actually harms the vast portion of Main Street America where incomes have lagged behind actual inflation for most of the 21st Century.