The Most Damning Inflation Figures Yet

Federal Reserve Chairman Jerome Powell testified before Congress this week, attempting once more to defend the indefensible. The numbers don't lie, and they're saying a lot right now... Federal Reserve Chairman Jerome Powell testified before Congress this week, attempting once more to defend the indefensible. The numbers don't lie, and they're saying a lot right now... [Outsider Club logo] The Most Damning Inflation Figures Yet [Jason Simpkins Photo] By [Jason Simpkins]( Written Jul 16, 2021 Federal Reserve Chairman Jerome Powell testified before Congress this week, attempting once more to defend the indefensible. But the numbers don't lie, and they're saying a lot right now. In the 12 months through June, producer prices rose 7.3% — the biggest jump since annual numbers were first crunched back in November 2010. In that same time, consumer prices rose 5.4%, topping May's 5% increase and notching the biggest annual gain since 2008. Now, I know a lot of analysts (the Fed included) want to simply wave those figures away by saying year-over-year gains are distorted by low pandemic prices. But that argument is quickly undone by the huge month-over-month price increases that have accompanied the greater inflationary surge. That is, producer prices increased 1% from May to June of this year, continuing a trend in which prices are rising not just year-over-year but in real time. [Monthly PPI June 21] [Urgent: Millionaires Could Be Made in a Few Weeks]( If you play your cards right, this opportunity will give you the chance to turn every $500 into $20,500, every $1,000 into $41,000, or every $2,500 into $102,500! Up to FIVE times! This is quite frankly the best money-making situation I’ve ever seen. And it could pay out as much as $512,500 to lucky investors. [Click here to see the details.]( The same is true of the CPI... [CPI Monthly June 21] So I don't want to hear anymore about how inflation only looks so bad in light of the pandemic. Especially when you can see in the chart above that prices posted significant monthly gains last summer, in the face of the coronavirus. Indeed, the notion that the pandemic caused the [prices of goods and services]( to fall is another widely believed misnomer. Prices hardly collapsed last year. Food prices, for example, posted remarkable gains during the pandemic. The Biggest Pot Story of 2021 (Not Legalization) Pot stocks could be getting ready to jump another 1,000%... Only it’s not from legalization. It’s from a much bigger story NOBODY is talking about. Three American pot stocks will be the big winners. The gains potential is bigger than EVs, cryptos, and semiconductors. We got the full scoop for you. [Click here for details.]( In 2020, food-at-home prices increased 3.5% and food-away-from-home prices 3.4%. For context, the 20-year historical level of retail food price inflation is 2% per year — meaning the 2020 increase was 75% above average (almost double). And food has only gotten more expensive since then, posting a 0.8% monthly increase in June and surging 2.4% higher than a year ago. The price of meats, poultry, fish, and eggs rose 2.5% last month. Beef was up 4.5%, (its largest one-month increase since June 2020). And fruits and vegetables rose 0.7%. The cost of dining out rose 0.7%, as well — a blistering pace not seen since 1981. Gas prices jumped 2.5% from May to June while energy prices on the whole increased 1.5%. Again, these are monthly increases, so it has nothing to do with the pandemic. And if you're still not convinced of that, consider that consumer prices were 3% higher in June 2021 than they were in June 2019. That's what makes all of this denialism so absurd. It's gotten so bad that the Fed is even lying to itself at this point. 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That's hardly "isolated" or "[transitory](." On the contrary, the inflationary evidence couldn't be more damning. It's embedded at this point, and actually, prices are running much hotter than even the Fed's own collection of imperfect data reflects. Of course, you know that. I've been calling it for more than a year now. That's why now I've gone even further with a special report on inflation-related investments that's designed specifically to save investors' fortunes. More than that, actually, it's a road map to extreme inflationary profits — a collection of three inflation-proof stocks that are all but guaranteed to shoot higher alongside prices. I'd highly recommend you check that out [by clicking here](. There's no time to waste. Fight on, [Jason Simpkins Signature] Jason Simpkins [follow basic]([@OCSimpkins on Twitter]( Jason Simpkins is Assistant Managing Editor of the Outsider Club and Investment Director of Wall Street's Proving Ground, a financial advisory focused on security companies and defense contractors. For more on Jason, check out his editor's [page](. *Follow Outsider Club on [Facebook]( and [Twitter](. Browse Our Archives [The Most Damning Inflation Figures Yet]( [The Fed’s “Temporary” Problem]( [U.S. Inflation at Highest Level in 13 Years… and Heading Higher]( [A Smuggler's Life for Me]( [Get Paid to Buy Stocks]( --------------------------------------------------------------- This email was sent to {EMAIL}. It is not our intention to send email to anyone who doesn't want it. If you're not sure why you've received this e-letter, or no longer wish to receive it, you may [unsubscribe here](, and view our privacy policy and information on how to manage your subscription. 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