Almost All Categories Of Goods And Services Far Above Fed Inflation Target

While driven by energy and other key consumer good inflation, the deeper story is that nearly every category of consumer price measured in the Consumer Price Index exceeded the Fed inflation target of 2% as you can see in this Yahoo report.

This indicates that while gas prices exploding may draw a lot of attention, and it should, inflation is hitting across the economy at a rate not seen in a generation.

Here is the reporting from Yahoo.

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