Latest Data Shows Stagflation Is Coming

Annual growth slowed to 1.6% in the first quarter. The April CPI number will raise the annual CPI to nearly 4%.

The latest available data indicates that economic growth is slowing and that prices continue to rise. The annual inflation rate, which had fallen to 3.1% at the end of last year, has increased to 3.5% today. Economic growth, which reached an annual rate of 5% in the third quarter of…