Tuesday’s CPI inflation numbers made a splash. The index surged 5.4% over the last year, surpassing expectations of 4.9%. Core inflation (which excludes the volatile gas and food categories) was up 4.5% year-over-year. Both were up 0.9% over last month, the biggest jump since 2008.
Here’s what analysts had to say about the report, and what it means going forward.
Good news and bad news
A big question surrounding inflation recently is whether it’s transitory or more likely to become more…
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