About Inflation, Please Do Look Past the Headlines

If you will, come with us in our DeLorean in a time travel fever dream to July 14, 2026, the day June’s US Consumer Price Index (CPI) inflation report hit. Open any financial website not named MarketMinder, and you will see a headline warning you inflation’s slowdown was temporary because oil prices were back up, renewing the likelihood of high energy prices bleeding into other goods and services. In other words, don’t get comfy, hot inflation is coming back. Yet fast forward to today, and that is not what happened. CPI slowed again in July, from 3.5% y/y to 3.4%, with energy prices cooling and core measures tame—all proving that fixating on short-term data is fruitless for investors.[i] Read Full Article »