Year-over-year (YOY) is a method of evaluating two or more measured events to compare the results at one period with those of a comparable period on an annualized basis. (Investopedia)
The United States Inflation Rate YoY Food (14% of total weight), energy (9.3 percent), commodities less food and energy commodities (19.4%), and services fewer energy services (57.3%) comprise the unadjusted Consumer Price Index for All Urban Consumers in the United States. The final category is subdivided into three subcategories: shelter (32.1%), medical care (5.8%), and transportation services (5.5%).
A higher than expected figure should be seen as positive (bullish) for the USD while a lower than expected figure should be seen as negative (bearish) for the USD. (Myfxbook)
These factors will cause higher than expected inflation in the coming months..! Food Energy Housing
Soon you should learn a new terminology:
Stagflation
Stagflation can be alternatively defined as a period of inflation combined with a decline in the gross domestic product (GDP). (Investopedia)
I predicted this on June 2021:
Best,
Dr. Moshkelgosha M.D
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