Here’s a fun graph from Bloomberg that I stumbled upon, which superimposes the Consumer Price Index from 1966 to 1982 and compares it to 2013 through today. Perhaps “fun” is not the correct adjective. “Instructive”, “foreboding”, or “ominous” may be more appropriate. Or maybe the correlation ends here and inflation doesn’t head to 10% over the next four years requiring interest rates to shoot even higher to curtail the spending that’s fueling the price increases? Let’s just go with the latter.
Inflation certainly has it’s perks though! A nationwide survey published today shows that of those homes sold in the last three months, 97% were sold at a profit, with the average seller pocketing $203,232 at closing.
