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Podcast: My Worst Investment Ever Podcast
Episode: ISMS 10: US CPI Could Decline to 4% By YE23; Unless QE Revs Up
Description: Is US CPI going up or down by yearend 2023?Feb 2023 US CPI was 6%, down from 6.4% in Jan and off its June 2022 peak 9.1%Food accounts for 13.5% of CPI and was a high 9.5% in FebruaryFood has come off its Aug 2022 11.4% peakEnergy accounts for 7.1% of US CPI and was up only 5.2%Energy has come down considerably from its 41.6% June 2022 peakWhen oil price rises, it causes a similar, but muted rise in the US CPI energy componentCorrelation between oil price and the energy component of CPI...