CNBC/Greg Iacurci/1-28-2022
“The Personal Consumption Expenditures Price Index jumped by 5.8% in December from the year prior, tied for the fastest pace since June 1982, the Bureau of Economic Analysis said Friday. … But why is this the preferred gauge?”
USAGOLD note: Why the Fed uses this measure as the most reliable inflation indicator while the rest of America relies on the Consumer Price Index… Note the strongest back to back increases since 2000. In fact, to find a higher reading, you would have to go back to the late 1970s.
Sources: St. Louis Federal Reserve [FRED, U.S. Bureau of Economic Analysis
