Super core (-housing) came up a touch. I was surprised to see that next to Costco reporting their internal inflation is next to nil. Maybe lagging, maybe Costco has improved supply chains. Idk. Still, King Kong.
There's another aspect for consumers worried about Inflation...their investments if they are invested in fixed-income securities, such as bonds and mutual funds invested in bonds. A lot of Americans forget to follow and manage their pensions and/or retirement investments that are invested in mutual funds during high inflation. A lot of companies like Costco will adjust the cost of their goods on a weekly basis as the CPI moves up and down. Simply, those that think the economy is doing well will tend to make no adjustments to their investments. In contrast, those that think the economy is doing bad...they need to have a discussion with their financial advisor about changing investments to reduce the risks if their investments are impacted by inflation. wrbtrader
“U.S. consumer sentiment rose markedly toward the end of March, supported by strong stock-market gains and expectations that inflation will continue to ease,” Bloomberg reports.