Word that inflation hit 3.8% last month is bad news, but not grim: The main cause is obvious, and it won’t last. It’s the halt on oil shipments through the Strait of Hormuz, which plainly won’t last much longer. So our cautious optimism is entirely different from all that Biden-years talk about inflation being “transitory.” Notice: Speaker-emerita Nancy Pelosi hypes that inflation is “skyrocketing,” yet she said no such thing at the same point in the Biden years (15 months in), when it was 8.3%.

Tag-uri: Inflatie