First published by Money Metals Exchange here:
https://www.moneymetals.com/podcasts/2022/01/14/consumers-feel-major-inflation-pain-as-biden-and-fed-dither-002452
Another set of bombshell inflation reports rattled markets this week. On Wednesday, the Bureau of Labor Statistics released data showing consumer prices continue to rise at the fastest rate since 1982. The all-items index has risen 7% for the past 12 months ending in December. The energy index rose a staggering 29% over the last year.
