Inflation Problem Coming?

Published by Christopher Schwarz on

Inflation data shows flat core inflation in April. However, is there a coming inflation problem?

As noted in my previous post, real income was UP in April. Couple that with the fact that no one can spend much money since things are closed, we had the highest savings rate EVER.

Personal Savings Rate

What happens when people can go out and spend money when supply chains have been disrupted? It would seem prices are likely to go up.