by John Rubino, Dollar Collapse:
Monthly economic readings tend to be full of noise and are therefore unreliable. So it’s best to save the excited assertions for established trends.
The US Consumer Price Index appears to have reached that point:
As most readers probably know, the CPI is widely believed to understate the true rate of inflation because of statistical tricks like hedonic adjustment and substitution. So when this index starts rising you know the real action is even more extreme.