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The big problem hiding in “good” CPI data

by | Sep 6, 2022

In the middle of August, the US stock markets exploded as the US CPI data was released.
cpi_data

US Inflation has dropped from 9.1% to 8.5% and the stock market is jubilant with the market going green.

But is the stock market celebrating too early?

There are some very big underlying problems with inflation and these have not gone away. In fact they have got a lot worse.

Core energy, food and shelter prices are still absurdly high with food and shelter increasing.

There is a very real risk of shelter continuing to increase for the next 12 to 24 months and food is showing no signs of slowing down.

And the pressure on wages for low paid workers is only getting worse.

 

DISCLAIMER: Sasha Yanshin is not a financial advisor, and this is not a financial advice channel. All information is provided strictly for educational purposes. It does not consider anybody’s specific circumstances or situation. If you are making investment or other financial management decisions and require advice, please consult GSI Wealth Management for advice and assistance. The GSI Group of Companies accepts no liability for any indirect or consequential loss or damage, or for any loss of data, profit, revenue, or business (whether direct or indirect) in each case, however caused, even if foreseeable. In circumstances where you suffer loss or damage arising out of or in connection with the viewing, use or performance of our website or its contents we accept no liability for this loss or damage whether due to inaccuracy, error, omission, or any other cause and whether on the part of GSI or any supplier, agents or any other person or entity.

 

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