We’ve been talking about it a lot recently: Inflation is a problem for every American right now.
From groceries to gasoline to health care, Americans are facing rapid price increases the likes of which haven’t been seen in 40 years. It wasn’t until the April Consumer Price Index (CPI) and Producer Price Index (PPI) reports were released last week that inflation showed signs of peaking.
As I shared last week, the reports showed the CPI rose 8.3% year-over-year, down slightly from the 8.5% year-over-year increase in March, but above economists’ 8.1% forecast. Core CPI, which excludes food and energy, climbed 6.2% year-over-year, ahead of forecasts for a 6% increase.
The PPI climbed 11% year-over-year, which was down slightly from the 11.5% annual increase in March. Core PPI, which excludes food, energy and trade services, rose 6.9% year-over-year and 0.6% month-over-month.
While these reports are signs that inflation is cooling down slightly, it will likely remain elevated for the foreseeable future. And while it remains elevated, Americans are going to watch more and more of their hard-earned dollars disappear.
So, how can folks hedge against inflation?
If you want my answer, simply click on the video below…
In addition to hedging against inflation, there’s a lot more people can do to better position themselves to profit in the current market environment.
It’s why I’m holding The Great American Wealth Shift event on Tuesday, May 24, at 4 p.m. Eastern time.
During that event, I’ll share the system I’ve developed that can track “money flow,” and how I’ve used it to build incredible wealth – and how you can use it, too.
Also during this event, I will name one of the top stocks I see about to attract a ton of money… and the No. 1 stock I see a lot of money flowing out of in the near future. It’s a stock that you should avoid at all costs.
If you haven’t already, be sure to register for The Great American Wealth Shift event here.
I also recommend marking your calendar for Tuesday, May 24, at 4 p.m. Eastern time so you don’t miss it.
This video event will take place on Tuesday, May 24, at 4 p.m. Eastern time. You won’t want to miss it.