It All Blows Up In 2033

Charles’ Note: In perhaps the most unsurprising “surprise” all year, June inflation numbers came in hotter than expected this morning.

Headline consumer price inflation (CPI) increased 2.7% over last year, higher than the 2.4% jump in May and higher than the 2.6% economists expected.

But I’m more interested in the “core” CPI number, which excludes food an…