“Biden Inflation Up!” – Stocks Slump With Rate-Cut Hopes As CPI Soars In January

Article originally appeared on www.zerohedge.com.


Tl;dr : Headline CPI accelerated for the 7th straight month as the Biden admin BLS is gone but the surge in money-supply they left behind is still in play:

CPI Highlights:

The index for shelter rose 0.4 percent in January, accounting for nearly 30 percent of the monthly all items increase.

The energy index rose 1.1 percent over the month, as the gasoline index increased 1.8 percent.

The index for food also increased in January , rising 0.4 percent as the index for food at home rose 0.5 percent and the index for food away from home increased 0.2 percent.

The food at home index rose 0.5 percent over the month . The index for meats, poultry, fish, and eggs rose 1.9 percent over the month, as the index for eggs increased 15.2 percent. This was the largest increase in the eggs index …

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