This Week's State Of The Economy - What Is Ahead? - 15 April 2022

By: Taro Chellaram /Wells Fargo Economics & Financial Report/Apr 18, 2022

This Week's State Of The Economy - What Is Ahead? - 15 April 2022

What do pollen and the Consumer Price Index (CPI) have in common?  Answer; both are hitting new highs.  This week’s U.S. economic data was led by the largest month monthly increase in the Consumer Price Index (CPI) since September 2005.  Local pollen counts have been tracked by the Houston Health Department for about a decade (parts per cubic meter) and last Thursday hit 12,477ppcm, which is the highest recorded in the time they have been tracking.  For perspective anything over 1,500 is considered extremely heavy.  Meanwhile, the squeeze on households' from skyrocketing prices for necessities is as real as our inflamed sinuses and was evident in this week's retail sales data. However, underneath the surface there are signs that pandemic-related inflation is beginning to ease.  See this week’s attached Commentary for more detail (on economics…not pollen counts).




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