Highest Goods Inflation Since 1975

By Brian Maher

Today we are thunderstruck, lightningstruck, tonguestruck and dumbstruck…

That is because — by a marvelous miracle of God — the economic experts have finally struck bull’s-eye.

They had divined that December’s Consumer Price Index (CPI) would register 7% year over year.

Word came issuing from the United States Department of Labor this morning. December’s CPI did in fact register 7% year over year.

This 7% acceleration represents the greatest yearly consumer price inflation since 1982… 39 years distant. Reports CNBC: