February 15, 2023・Original Analysis
January CPI Throws Cold Water on “Disinflation” Narrative
After the December Consumer Price Index (CPI) report, the mainstream was giddy. “Inflation is over!” they proclaimed. “The Fed is winning the inflation fight!” they cried. “We are entering a period of disinflation!” they insisted. Well, the January CPI report threw cold water on that disinflation narrative.