July CPI Report Not as Good as Numbers Look at First Glance
The consumer price index rose the expected 0.1 percent, but significant troubles lie ahead.
Source: Mish Talk
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DW NOTE
The CPI came in at expectations while roughly a fifth of global oil supply sits landlocked in the Persian Gulf. Inflation data from before a supply shock tells you nothing about inflation after one. Mish is correct that the numbers don't capture what's already in motion.