Basically, inflation numbers are going to look wildly out of whack because they’re being compared to numbers that were wildly out of whack, thanks to the pandemic, to begin with.
🔗 Slate: Inflation Is About to Look Freaky
As think tankers at the Roosevelt Institute recently warned: “Starting April 13, and continuing for the next several months, what is in effect an optical illusion is going to seriously distort inflation numbers as they are normally reported, and opponents of more public spending will be quick to pounce.”
Notes & Thoughts 