Chart was missing in my first post about the Consumer Price Index for april.
Here it is.
Now, let’s start a little game : how the CPI will evolve in the coming months ?
The index in april stood at 124,6.
It’s impossible to assume that it could fell in may. A reasonable approach would be to apply the previous monthly hikes (1 point in average). So that would push the index in may at 125,6.
May, june and july 2007 had an index at 117,3.
Therefore, the evolution in % of the CPI year on year, would reach +6,2 % in may.
That’s a minimum.
With the oil crisis, the food crisis, and the fact that the prices of many products and services are about to go up… it’s really a minimum.
A CPI at 7 % in june or july (year on year) , can’t be discarded.
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