Below is a chart and brief excerpt from today's Early Look written by Director Of Research Daryl Jones

There are a lot of reasons that one could discount government reported numbers, but, if anything, they probably understate true inflation in the real economy.  It’s hard for inflation deniers to deny the fact that CORE CPI accelerated at its fastest rate ever. In the Chart of the Day, you can see this rapid “reflation of inflation” graphically.  Burning the buck has economic consequences!

CHART OF THE DAY: Rapid “Reflation Of Inflation” - CoD Core CPI