Summary
- Headline inflation rose 0.2% in April, below the consensus estimate of 0.3%.
- Core inflation was up 0.1% for the month and has increased 2.1% over the last 12 months. That’s the definition of ‘moderate inflation.’
- Non-seasonally adjusted inflation was up 0.4% in April, meaning holders of TIPS will see principal balances rise 0.4% in June.
Read my full analysis on SeekingAlpha.com
Also, I have updated my Tracking Inflation and I Bonds page with these new numbers.
And here are the new June inflation indexes for all TIPS.
David, what concerns me most is the doubling of the debt from 20t to 40t so quickly. If the endgame…