[Chico23231]

The CPI report this morning had no silver lining…it was devastating. The fed will have to be more aggressive.

Year to year:

Groceries +11.9% y/y -->Biggest inc. since 1979
Chicken +17.4% ->Largest ever
Restaurants +9% -> Largest ever
Fuel oil +107% ->Largest ever
Electricity +12% ->Largest since '06
Rent +5.2% ->Largest since 1987
Airfare +37.8% ->Largest since 1980
Services +5.7% ->Largest since 1990

The high rent in big pockets around the country is a major problem not being talked about enough.