Mises Wire
Author:
Stefan Karlsson
Online Publish Date:
For the third month in the row, “core” consumer prices, which the Fed and accordingly also financial markets have decided to focus on ( for irrational reasons ) showed a 0.3% increase , which translates into an annual rate of more than 3.5%, well above the official comfort zone. The driving factor behind this recent pick-up in “core” inflation is