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Tag Archives: CPI

Peter Schiff: The Inflation Freight Train

December Consumer Price Index data came out on Wednesday (Jan. 12). Month-on-month, it was again even hotter than expected. Peter called it an inflationary freight train that the Fed’s “field of dreams” monetary policy will not stop.“Transitory” inflation has now been running hot for a full year.The year-on-year CPI was 7%. It was the biggest annual CPI increase since 1982.Month-on-month, the CPI spiked another 0.5%. This was hotter than the consensus 0.4% projection.Core CPI (stripping...

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A Runaway Inflation Freight Train the Fed Won’t Stop

The producer price index rose at the fastest rate in the history of the data set in November. This is a runaway inflation train hurtling down the tracks toward consumers. And despite all the talk, the Fed won’t be able to stop it.The Producer Price Index (PPI) rose by 0.8% month-on-month in November. The expectation was for a 0.5% gain. Year on year, producer prices were up a whopping 9.6%. That was the biggest increase since the series was revamped in 2010.This comes on the heels of...

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Peter Schiff and Tucker Carlson Discuss the Worst Inflation in US History

In November, the official government CPI rose by the highest annual amount since 1982. But for the most part, the mainstream media continues to sugar-coat inflation. Tucker Carlson is an exception. He’s one mainstream media figure who seems to grasp the full extent of the problem. He recently interviewed Peter Schiff on the rising cost of living.Carlson opened up the interview pointing out that it’s very obvious the inflation rate is not 7%. It’s much higher than that and it costs more...

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Peter Schiff: The Mainstream Is Sugar-Coating Inflation

The CPI data for November came in pretty close to expectations. Of course, expectations were sky-high as the transitory inflation narrative has faded into myth.The CPI surged another 0.8% month-on-month in November. The consensus expectation was for a 0.7% rise. The headline year-on-year increase was 6.8%. That was right in line with expectations. It was also the highest CPI print since 1982. And as Peter Schiff talked about on his podcast, the CPI number understates the inflation...

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Expectations Are Finally High Enough for Sky High Inflation

The latest seasonally adjusted inflation rate for November was .76% month over month, with a non-seasonally adjusted annual rate of 6.81%.These numbers were generally in line with mainstream expectations that have finally gotten high enough to match the blistering hot inflation numbers coming out month after month.Remember in June when the Fed expected 2021 inflation to come in below 4%? December has not officially printed yet, but it’s safe to say the Fed was wrong.The Fed also said...

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I See Red! SchiffGold Friday Gold Wrap Dec. 10, 2021

Pretty much everybody now expects the Federal Reserve to go to war against inflation, but the central bank has a problem not many people seem to be talking about – an economy buried under debt. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about consumer debt levels and their ramifications. He also discusses central bank gold-buying and breaks the November CPI data live.The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious...

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Five Inflation Myths

Inflation is running rampant. At first, the powers that be tried to convince us it wasn’t a problem because it was just a temporary phenomenon caused by coronavirus. (As if a virus could cause the money supply to increase.) But now, the transitory inflation narrative is dead. Jerome Powell recently admitted that it’s time to “retire” that word. The new strategy seems to be to try to convince you that rising prices are “good for you” and the broader economy. You can decide for yourself the...

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Peter Schiff: Double-Barrel Inflation Is Locked and Loaded

The Consumer Price Index blew past expectations in October as the “transitory” inflation narrative continues to unwind. CPI was up 0.9%. On an annual basis, the inflation rate was 6.2% compared with a 5.9% estimate. It was the highest annual CPI gain since 1990. The CPI stole the headlines, but the Producer Price Index also came in hotter than expected, up 8.6% on a year-on-year basis.  After the PPI came out, Peter Schiff appeared on to talk about it.He said double-barrel inflation is...

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You Call This Transitory? SchiffGold Friday Gold Wrap Nov. 12, 2021

The October Consumer Price Index data came out this week. They expected it to come in hot. But not this hot. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into the CPI numbers, along with another inflation index that looks even worse, and he wonders out loud how anybody can still buy into this “transitory” inflation narrative. The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis....

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Analysis: CPI Blasts Past Expectations; Price Increases Widespread

The October CPI data came in even hotter than expected, and we saw widespread price increases across multiple categories.The following provides an in-depth analysis of the most recent CPI data.The latest seasonally adjusted inflation rate was 0.95% month over month (vs. 0.6% expected), with a non-seasonally adjusted annual rate of 6.2% (vs 5.6% expected). The reason for the sharp increase can be seen across the board.The unrounded number is calculated by using the actual BLS weights and...

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