CPI Inflation Blows Past Fed Rates As Core Services, Gasoline, Electricity, And Food Spike; Fed's 'Real' Rates Are Now Negative
Source: SeekingAlpha
2026-05-13 01:15:00 ET
The gasoline price spike hit CPI inflation for the second month, but electricity prices also spiked, core services inflation spiked – it’s the biggie, accounting for over 60% of CPI – and food prices jumped. So it’s a mess – and even if the Fed wants to “look through” the impact of the gasoline price spike, it’s going to smack into surging core services inflation, accelerating food inflation, and surging electricity inflation driven by the AI bubble....
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CPI Inflation Blows Past Fed Rates As Core Services, Gasoline, Electricity, And Food Spike; Fed's 'Real' Rates Are Now Negative
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