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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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Will tomorrow's inflation data release shock us? Gary Wagner
May’s consumer price index is set to be released tomorrow morning, and the broad expectation is that inflation will climb higher compared to the previous month’s reading of 4.2%.
Gary Wagner, editor of TheGoldForecast.com, agrees with the consensus expectation.
“I agree that we should see an uptick in the number of inflation,” Wagner told David Lin, anchor for Kitco News. “The reason being, oil continues to rise, and commodities continue to rise, so the key elements of goods and services needed by the public are more expensive, and that of course is really the definition of inflation.”
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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