3M has flagged rising air and freight costs to ship its goods; Walmart has warned on the congestion in US ports; Legacy Homes, Williams-Sonoma & Wüsthof knife sets, have seen an uptick in wage costs

77% Of Americans Are Worried About Soaring Inflation 

The worst thing that could happen now is a repeat of stagflation in the 1970s.

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Largest Component Of Household Budget Growing At >10% YoY While “Inflation” Is Only 1.41% YoY

If we look at the US Personal Consumption Expenditures Core Price Index YoY, “inflation” is a modest 1.41%. However, the largest item for households in typically housing. And housing is…

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