The specter of inflation haunts the corridors of the West Wing, and the Biden administration’s every attempt to exorcise the poltergeist of rising prices only deepens the grip of its possession.
In March, the latest figure available, the consumer price index climbed at an annualized rate of 4.6 percent. A lot of politically progressive analysts claim that shelter prices distorts the picture because of the lagged way changes in rents get calculated into the consumer price index. But excluding shelter does not improve things. To the contrary, three-month annualizedat last count. The one-month annualized figure in March was 8.5 percent.is forecasting a month-to-month increase of 0.41 percent, which would be around a five percent annualized increase. That would be an acceleration from March 0.
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