“Inflation is when you pay 15 dollars for the 10-dollar haircut you used to get for five dollars when you had hair.” — Sam Ewing
It’s hard to look at any type of financial publication these days without seeing a headline about inflation.
The annual inflation rate in the U.S. spiked up to 4.2% in April of 2021 from 2.6% in March and was above the market forecasts of 3.6%.1 It is the highest reading since September of 2008 and comes amid a surge in demand as the economy reopens, commodity prices rebound and supply is constrained coming out of the pandemic. The May 2021 inflation number due later this week is forecast to be even higher at 4.7%.2
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