Inflation: CPI Soars 1.1% -- In ONE Month!

The Consumer Price Index surprised everyone this morning, with the reported number being nearly twice the expected inflation rate and the highest monthly rise in 26 years. While 1.1% percent for a single month may not seem particularly high, by multiplying it out for an entire year, eyebrows should rise quickly. The inflation rate this month nearly doubled from the previous month! If inflation is accelerating, then it should get almost anyone's attention!