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Inflation: Velocity and Acceleration Turn Positive in March

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Inflation: Velocity and Acceleration Turn Positive in March

A quick update to yesterday's post

Bill Hennessy
Apr 12, 2022
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Inflation: Velocity and Acceleration Turn Positive in March

www.hennessysview.com

Yesterday, I published a chart showing velocity and acceleration of inflation. That chart showed acceleration near zero, meaning velocity would remain steady at a monthly increase of 0.5 percentage points.

Hennessy's View
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10 months ago · 1 comment · Bill Hennessy

But the March CPI released moments ago shows acceleration up, pulling velocity up to 0.75 from 0.5. The result was a catastrophic headline inflation of 8.5%—the highest since 1981.

So, add about 10% to everything I said in yesterday’s post, and we’ll cal it even.

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Inflation: Velocity and Acceleration Turn Positive in March

www.hennessysview.com
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Bill Hennessy
Apr 14, 2022Author

Online spending plunged in March

https://www.zerohedge.com/personal-finance/us-retail-sales-growth-slowest-13-months-online-spending-plunged

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