the staff of the Ridgewood blog
Ridgewood NJ, the whispers from the White House and the Federal Reserve Board that inflation is “transitory” have become less and less persuasive with each passing day. The new CPI numbers show 5.4% year over year inflation and the September number on an annualized basis is above 6%. Recall from last week that the commodities index is at a five year high and is up than 50% over a year ago. Here are three additional charts from our friend and financial wizard Scott Grannis that we thought were eye-popping. You can make up your own mind if you think inflation is a problem.