This is the BidenFlation that we all know.
Inflation rose in January by 0.5% following a 0.1% increase in December, according to the consumer price index report released Tuesday.
The CPI was up 6.4% from the same period in 2022. Both numbers were higher than expected.
Across-the-board increases in shelter, food and energy boosted the index after inflation had shown signs of receding in recent months.
“Super core” services inflation, which is key for the Fed and excludes food, energy and shelter, rose 0.2% for the month and was 4% higher than a year ago....
THAT'S why the balloons.
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