A Double-Whammy from Oil-Price-Driven Inflation:
Surging Inflation Impairs Real Income, Liquidity and Economic Growth;
Surging Prices Do Not Reflect Surging Economic Demand

April 2018 Inflation-Adjusted, Real Average Weekly Earnings Fell for All Employees
(Rose for Production and Supervisory); Quarterly Contractions Held in Place

A Leading Indicator to Broad Economic Activity, April 2018
Real Annual Growth in Money Supply M3 Slowed to an Eight-Month Low

Unadjusted Annual CPI-U Inflation Rose to a 14-Month High of 2.46% in April 2018,
Up from 2.36% in March 2018, Holding Well Shy of Common Experience

"Core" CPI-U Inflation (Ex-Food and Energy) Held at 2.1% in April,
Above the Fed’s 2.0% Target for a Second Straight Month

April Annual PPI Inflation Eased to a 7-Month Low of 2.57%,
Backing Off the 74-Month High of 3.03% Seen in March

Nothing Like Massaged Inflation Numbers to Boost You into a Higher Tax Bracket