Thursday, August 14, 2008

CPI Climbs At Fastest Rate In 17 1/2 Years

Inflation over the last 12 months is climbing at the fastest rate in the last 17 years.

The Consumer Price Index through July was up 5.6 percent from a year ago, the Labor Department has announced. It is the sharpest year-over-year rise since 5.7 percent in January 1991.

The CPI climb was 0.8 percent in July alone, after a 1.1 percent jump in June.


  1. Might be related to the Fed letting gold get to $900.

  2. I think they are both going up for the same reason. Fed money printing.