“There are several factors contributing to keep annual inflation above 3% — and they shouldn’t be particularly surprising to anyone. Rising rents were a big contributor to inflation last month. Car insurance costs also contributed to higher inflation. And lately, another factor is threatening to push up inflation: gas prices. That’s because oil prices have been rallying recently because of a number of factors including worsening geopolitics in the Middle East and improved global demand.” Why beating inflation is turning out to be as hard as losing weight.

+ After today’s news, my stock portfolio looks like it’s on Ozempic. Dow drops by 500 points after a surprisingly bad inflation report.