A rise in prices from an external shock can result in a slowdown of consumption, but to date fiscal transfers have worked to sustain incomes that support consumption. Expiring federal unemployment comp will remove some of that support, and we have a backdrop of a Fed 0 rate policy which itself is a deflationary bias:
Lumber price made the news a lot more when they were going up than when they started going down:
The post CPI, lumber appeared first on The Center of the Universe.
