February 16, 2023・Key Gold Headlines
Upward CPI Revisions Further Undercut Disinflation Narrative
CPI came in hotter than expected in January and threw cold water on the “disinflation” narrative that was gaining steam in the mainstream. Less-reported were the revisions of past CPI data. These undercut that narrative even further. The CPI data for October, November and December were all revised higher.
