SFY - Inflation Is Tame; Retail Is Benefiting
"Inflation is taxation without legislation." – Milton Friedman
On February 13, the most recent inflation numbers were released, and we started to see the effect of the coronavirus on prices. A sharp drop in demand for global oil consumption led to much lower energy prices, which led to a muted inflation reading. The consumer-price index, which measures what Americans are paying for everyday items, rose a seasonally adjusted 0.1% in January, according to the Labor Department. Energy prices fell 0.7% overall, with a significant 1.6% drop in gasoline prices.
That will likely continue throughout