As we wrote last week for Sprott, it's not inflation that's "transitory", it is gold price dips. And we just saw another one today ahead of the May CPI.
So what was that anxiously-awaited CPI? See for yourself below:
*US May Consumer Prices +0.6%; Consensus +0.5%
*US May CPI Ex-Food & Energy +0.7%; Consensus +0.5%
*US May Consumer Prices Increase 5% From Year Earlier; Core CPI Up 3.8% Over Year