US Core Consumer Prices Explode Higher At Fastest Pace Since 1981

Zero Hedge: After March’s blowout 0.6% MoM surge in headline CPI, analysts expected a modest slowdown MoM, but surge YoY due to the base-effect comps from April 2020’s collapse. However, it appears analyst massively underestimated as headline CPI surged 0.8% MoM (4 times the +0.2% expected) and exploded 4.2% YoY. “And I heard a voice in the midst of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley