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Inflation’s Vanishing Act

This is a syndicated repost published with the permission of Slope of Hope – Technical Tools for Traders. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

I hadn’t heard about the Flexible Consumer Price Index until I read about it from David Stockman. He pointed to it as evidence of how hot inflation was running. Well, that was true a few months ago, but look how fast it has collapsed. Maybe there’s something to the accusation that companies are cranking up prices under the guise of inflation, because I can assure you that what I pay for groceries and eating out is way, way, way higher than freaking’ 7% (more like 40%).

Another item Mr. Stockman mentioned, however, is the Trimmed Mean PCE Inflation Rate, which, to my eyes, seems closer to the truth.

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