Issue 40 – September Morn: Inflation Is not Transitory or Structural but Cyclical

A Snapshot of the Market for the Week Ended October 15, 2021:

Wednesday’s consumer price inflation printed a year-over-year increase of 5.4% in September with core number, which strips out food and energy costs, holding at 4.0%. The situation is not getting worse or better. The market looked right through this as if nothing new happened, dogging the stickiness of inflation. Maybe it’s assessment was correct, inflation has been sticky at the annual rate of 5.0% for five consecutive months.


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By Hubert Marleau

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By Hubert Marleau