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.
Might be related to the Fed letting gold get to $900.
ReplyDeleteI think they are both going up for the same reason. Fed money printing.
ReplyDelete