Peter Schiff

US annual CPI inflation will print above the June 2022 peak of 9.1%.

“There's no doubt in my mind that we will get a higher number than 9.1 percent.”

Said on

11 August 2022 · Interview with Kitco News (published Aug 11, 2022; interview date not stated)

Source

https://www.kitco.com/news/article/2022-08-11/worse-financial-crisis-2008-peter-schiff-forecasts-sustained-and-higher · Kitco News

Should come true

No date given

How sure they sounded

There's no doubt in my mind

Categories

Economy

Importance

3 of 5 · US inflation level matters to the whole US economy and Fed policy.

Outcome

Inaccurate

No window was given; the context (the 2022 inflation surge) implies this inflation cycle, read as about two years (to August 2024). US CPI inflation peaked at 9.1% in June 2022 and never printed higher; it fell to 3.4% by December 2023, and even the 2026 rebound peaked around 3.7%.

Evidence:

• https://www.bls.gov/opub/ted/2024/consumer-price-index-2023-in-review.htm
• https://www.bls.gov/news.release/archives/cpi_07132022.htm
• https://tradingeconomics.com/united-states/inflation-cpi