ZH: Consumer Prices Soared Over 21% Under Biden... And Real Wages Fell
And Real Wages Fell
ZH: Consumer Prices Soared Over 21% Under Biden... And Real Wages Fell
After rising for 5 straight months, analysts expected headline consumer prices to continue accelerating in December (+0.4% MoM exp) and it did exactly that - the highest MoM print since March, leading the YoY CPI to rise 2.9% (the highest since July)...