It’s time to check in on inflation! and debasement! This is the certainty, expressed by Speaker of the House Paul Ryan, that no matter what the data tell us, accelerating inflation and a depreciating currency are just around the corner. Here are the new readings for April 2016: Inflation: steady as she goes. Prices overall rose 1.1 percent since April 2015. If we exclude food and energy prices, the Consumer Price Index rose 2.2 percent over the past twelve months. … [Read more...]