Cost of Prematurely Crying Victory

Ouch! The US inflation data release didn’t go according to the plan yesterday. The headline figure printed 8.3% inflation in August, higher than the 8.1% expected by analysts, and happily, slightly lower than last month’s 8.5%. Yet, the US food price inflation accelerated to 11.4%, from 10.9% printed a month earlier due to high energy […]

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