Advertisements CPI surged 0.8% MoM (4 times the +0.2% expected) and exploded 4.2% YoY. That is the biggest YoY jump since Sept 2008 (and biggest MoM jump since June 2008).The core CPI rose 3.0% over the past 12 months; this was its largest 12-month increase since January 1996. After the CPI data revealed inflation rose much higher than […]
