The Deeper Dive: Inflation Still Flying High

Some measures are way up.

May delivered a CPI report that showed a tiny fall in inflation, but closer study via a Deeper Dive revealed it really didn’t amount to much. It didn’t change the rising trend of the last several months at all. It was nothing but a tiny tick at the end of a slowly rising sideways squiggle, and there were more troubling signs for rising inflation under t…