Oh man. I was just trying to be funny and guess I missed the target. I’m sorry brother. Also…🤬�’s

Current Consumer Price Index

The annual inflation rate in the US accelerated to 7% in the last month of 2021, a fresh high since June of 1982, and compared to 6.8% in November. Figures came in line with market expectations. Energy costs continued to record the biggest gain although prices rose less than in November (29.3% vs 33.3%), namely gasoline (49.6% vs 58.1%). Inflation accelerated however for shelter (4.1% vs 3.8%); food (6.3% vs 6.1%), namely food at home (6.5% vs 6.4%); new vehicles (11.8% vs 11.1%); used cars and trucks (37.3% vs 31.4%); apparel (5.8% vs 5%); and medical care services (2.5% vs 2.1%). Inflation spiked in 2021 due to pandemic-induced supply constraints, soaring energy costs, labour shortages, increasing demand and a low base effect from 2020. Inflationary pressures are likely to last well into the middle of 2022 and Fed Chair Powell recently pledged to do what’s necessary to contain an inflation surge including increasing interest rates.