May's consumer cost index is readied to be launched tomorrow early morning, and also the broad assumption is that rising cost of living will climb higher compared to the previous month's reading of 4.2%.
Gary Wagner, editor of TheGoldForecast.com, agrees with the consensus assumption.
" I agree that we need to see an uptick in the variety of inflation," Wagner informed David Lin, support for Kitco News. "The factor being, oil remains to rise, as well as commodities remain to rise, so the key elements of items and also services required by the public are more expensive, which certainly is truly the definition of rising cost of living."
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