The current CPI for the month of April was 237.072 which resulted in monthly inflation being up 0.33% in the month of April causing the annual inflation rate to jump from 1.51% up to 1.95%. Last month we told you to be aware that this month's jump would be seen as a possible return to inflation and of course the main stream media and even some of our competitors fell right into that trap. USInflationCalculator for instance quoted the Wall Street Journal as saying, "Inflation may be normalizing a bit faster than we thought," the Wall Street Journal quoted Laura Rosner, U.S. economist at BNP Paribas. "It’s still too early to assume this will persist, but it certainly raises the risks of … [Read more...]