It’s time to watch the Consumer Price Index again. The CPI is published by the Bureau of Labor Statistics(BLS) and the recent release shows an inflation level that hasn’t been seen since Obama was a president.
“The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 percent in May on a seasonally adjusted basis after rising 0.8 percent in April, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 5.0 percent before seasonal adjustment; this was the largest 12-month increase since a 5.4-percent increase for the period ending August 2008.”
Well, the inflation rate isn’t up to where it was in the Carter years – but it looks to me like the BLS website is going to be worth watching.